Isikhungo Sabantu FSC is formed from the NGO Isikhungo Sabantu NPC.
Isikhungo Sabantu is a Non-profit Company, aimed at eradicating poverty in South Africa through the development and mentorship of young people and women to being competent entrepreneurs. Isikhungo Sabantu NPC was established in December 2017 and registered with CIPC as an NPC in 2018. Its membership is spread across South Africa. Most of the members come from Gauteng and the Eastern Cape.
The level of unemployment in South Africa is on the rise and it has become very crucial to set up institutions that can develop entrepreneurs that understand how to run successful businesses as well as to assist people that want to set up sustainable businesses so that they provide employment.
Isikhungo Sabantu NPC took a resolution to set up a Cooperative Financial Institution (CFI) called Isikhungo Sabantu Financial Services Cooperative (FSC), which will be a cornerstone of all its activities to achieve its mandate of eradicating poverty in South Africa. The Members of Isikhungo Sabantu NPC will be able to buy shares from the FSC, save monthly to create social capital that will help start-ups and existing businesses, and give affordable loans to its members.
Isikhungo Sabantu FSC has its Head office in Johannesburg, Sandton, Rivonia and a satellite office in Cala, Eastern Cape, and it will serve all its members who are countrywide using the website, social media, and call center.
Isikhungo Sabantu FSC will offer products and services that will cater to the needs of the members. These will include loan products, savings and investments products as well as insurance and other financial services.
Please feel free to visit our website or follow our social media for more information on Isikhungo Sabantu FSC.
ISFSC – Bank with a bank that you own.
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