The month of September was the six month anniversary since the official launch of Hermanus Siyakha which took place on the 20th March at the Youth Café in Zwelihle.
The past six months has been a very exciting and rewarding time thanks largely to the enthusiastic commitment of the volunteers within the organization who keep the operation running smoothly and, thanks to the generosity of the people of Hermanus who have provided the funds necessary for us to grant the interest free loans to the identified micro business owners.
Since commencing operations Hermanus Siyakha has managed to provide interest free loans to twenty micro enterprises to the value of R 144 600. In addition two non-repayable grants have been provided valued at R 11 000.
September was a particularly good month for Hermanus Siyakha and it positively reflected the results of increased marketing/media activity ( 2x HS adverts in The Village News, 2x articles published in The Village News and a radio interview on Whale Coast FM). In the month of September alone Hermanus Siyakha provided interest free loans to six micro enterprises to the value of R 43 100 as well as a grant to the value of R 3 000. Another highlight in the month of September was the number of daily visits to our website. Up until the end of August our daily average was 27 and in the month of September our daily average increased to 52 visits per day.
Our mentor group continue to do a sterling job of work with the loan recipients they are mentoring and, despite the considerable challenge presented by the winter months (ie very slow business) we have achieved a loan repayment record of 83% over the period.
The immediate challenge we have for October is finding quality micro entrepreneurs to advertise on our website for crowdfunding and our field operatives and associates are working hard to rectify this situation as quickly as possible.