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Launch of Uvimba finance limited
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Speeches and Media Releases
 Agriculture

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TO ALL MEDIA
 MEDIA RELEASE
 13 JUNE 2000

LAUNCH OF UVIMBA FINANCE LIMITED

BACKGROUND.

Uvimba Finance Limited is a product of a process of transforming the Agricultural Bank of Transkei (ABT) and the Ciskeian Agricultural Bank 
(CAB) into a single entity that would provide a broad range of financial services to the rural and farming communities and/or entrepreneurs 
within the Eastern Cape Province. The shift in the macro environment (1994) in South Africa rendered the statutes and the mandate that were 
governing both the ABT and CAB irrelevant, hence a need to transform them into a single provincially based entity that would be able to 
provide financial services to even the areas where ABT and CAB could not accede due to their respective legislative limitations. Experience 
from ABT and CAB tells that traditional sector based development finance institutions are hardly self sustainable due to the high risk 
involved in the financing operation, hence continued government grants and transaction costs subsidies are necessary to keep them going. 
Uvimba Finance Limited is a transformed conventional entity that will diversify its financing operations in order to manage and hedge the 
risk of financing and sustain itself. It will provide a variety of products that are specifically tailored and/or customised to the 
specific segments of its target market.

2 MARKET & PRODUCTS

The target market for Uvimba Finance Limited is the rural and farming communities and/or emerging entrepreneurs of the Eastern Cape 
Province segmented as follows;

Market Segment

* Very small businesses
* Emerging farmers
* Established farmers
* Rural savers

Product Lines

The product lines are loans and saving schemes broken down into the following accessible products.

Products

* Starters’ business entrepreneurial development programme (SBEDP)
* Sole traders’ entrepreneurial development programme (STEDP)
* Advanced traders’ entrepreneurial development programme (ATEDP)
* New entry farming entrepreneurial programme (NEFEP)
* Emerging farmers’ entrepreneurial programme (EFEP)
* Advanced farmers’ entrepreneurial programme (AFEP)
* Personal loans to rural savers (PLRS)
* Rural savings programme (RSP)

SERVICE DELIVERY OUTLETS

The above mentioned services will be initially delivered from the following outlets;

Branch   Telephone no.   Fax no.

* Bisho

(040) 639 2035  (040) 639 2030

* Umtata

(047) 531 2261   (047) 5326795

* Kokstad

(039) 727 3051   (039) 727 3051

These are just the initial branches, we are in the process of establishing additional branches throughout the province and such branches 
will be announced in due course. Branch managers of the above branches can be contacted on the reflected phone numbers for any additional 
information needed about Uvimba Finance Limited and its services.

LAUNCH

Uvimba Finance Limited will be launched on the 13th of June 2000 at its head office in Bisho. This occasion will start at 10H00 sharp. 
Stakeholders are invited and urged to honour this momentous occasion.

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