Nature of Business

Finbond is a South African financial services organization that specializes in the design and delivery of unique value and solution based finance solutions tailored around borrower requirements rather than institutionalized lending policies.

Finbond Micro Finance focuses on assisting clients in the emerging middle class gain access to finance and credit solutions. Finbonds target market of clients is in the LSM 1 to 7 Band, a target market not effectively serviced by the large banks and insurance companies due to their focus on higher income brackets. The division operates through 182 branches nationally that consists of a network of 'banking hall' type branches where direct contact with clients is possible. These branches offer short-term loans and credit life insurance to customers. Finbond’s “Hedgehog Concept”[ What can we be the best in the world at? What drives our economic engine?]  is to be “The best cash disbursing micro finance company in South Africa selling short term micro finance products putting immediate cash in customers pockets”  [ Short term being defined as 55% of debtors book in 30 day loans / 25% of book 2- 3 months loans  and 20% of book in 4-6 months loans]. Strategic initiatives currently underway includes:

• Offering funeral insurance in addition to the credit life insurance at all branches,
• Offering cell phone handsets, cell phone air time and pre paid electricity at all branches
• Expanding the branch Network in Gauteng the Southern Cape, Northern Cape , North West , Mpumalanga, Free State and Africa.

Finbond Micro Finance addresses a focused customer profile and delivering branded products through low cost delivery platforms.

A substantial opportunity exists for consolidation of the R 32 Billion a year micro finance industry in South Africa. Finbond intends to capitalize on this opportunity by being at the forefront of this activity. Whilst the development Finbond's Micro Finance business is well established, Finbond is currently positioning itself to undergo a period of further rapid expansion in order to gain market share in South and Southern-Africa.