• Established in 1997, SEDF is a non-profit private foundation that is part of the Open Society Foundations, founded by investor and philanthropist George Soros.
  • SEDF promotes economic opportunities and access to affordable and essential goods and services for under-served populations in less developed countries, with a focus on financial inclusion.
  • In January 2011 Select Malawi entered into a funding agreement with SEDF, where at least 75% of the facility must be disbursed as housing or housing related loans.
  • Following their due diligence in May 2016, SEDF has extended funding at a Group level for deployment into other jurisdictions across the Group. The social and reporting covenants are currently being discussed.

 

  • Habitat for Humanity International is a non-profit, non-governmental organization, with a focus on improving housing conditions for the poor.
  • Select is in partnership with Habitat, where Select provides housing finance, whilst Habitat provides technical construction advice to borrowers, ensuring that the funds borrowed are used to build or improve houses in a technically sound manner.
  • Following the success of the initial partnership in Malawi, Select and Habitat have also partnered in Lesotho.
  • Select has invested in an enhanced new loan management system that was developed by MIP. The new system will go live in H2 2016 over a staggered approach, and will improve Select’s operational efficiency, as a result of mobility and agility to respond to market conditions and opportunities.
  • MIP is a leading provider of affordable IT solutions to the financial services industry in emerging markets.
  • Lafarge is a is a leading supplier of quality cement products, with a focus on providing solutions for the sustainable development of better cities that benefit the country’s people.
  • Select Kenya has partnered with Lafarge on their affordable housing initiative, where Lafarge provides technical assistance to Select’s clients.
  • In addition to the African Alliance in-house company secretarial and legal services, Select utilizes the company secretarial services of Maitland at a Group level.
  • KPMG are our auditors
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