QuickFund Online — Social and Economic Impact
QuickFund’s core business model directly addresses financial exclusion, one of South Africa’s most pressing socio-economic challenges. By providing accessible credit to the estimated 15+ million underbanked South African adults, QuickFund contributes to the National Development Plan’s objective of expanding financial inclusion to…
Section 13 · Business Plan
Social and Economic Impact
QuickFund’s core business model directly addresses financial exclusion, one of South Africa’s most pressing socio-economic challenges. By providing accessible credit to the estimated 15+ million underbanked South African adults, QuickFund contributes to the National Development Plan’s objective of expanding financial inclusion to…
13.1 Financial Inclusion
QuickFund’s core business model directly addresses financial exclusion, one of South Africa’s most pressing socio-economic challenges. By providing accessible credit to the estimated 15+ million underbanked South African adults, QuickFund contributes to the National Development Plan’s objective of expanding financial inclusion to 90% of adults by 2030.
The Company’s use of alternative data for credit scoring enables access to formal credit for consumers who have been historically excluded by traditional credit bureau-dependent assessment models. By reporting positive repayment behaviour to credit bureaus, QuickFund actively builds the credit profiles of previously unscored individuals.
13.2 Job Creation
QuickFund projects creating 75+ direct jobs by Year 5, with a particular focus on youth employment (targeting 40% of employees under 30 years old) and gender diversity (targeting 50% female representation). The Company also creates indirect employment through partnerships with collection agencies, marketing service providers, technology contractors, and retail partners.
13.3 Financial Literacy and Responsible Lending
The Company’s free financial literacy programme, delivered through the mobile app and social media channels, provides practical education on budgeting, savings habits, understanding interest rates and fees, debt management, and recognising predatory lending practices. This programme is designed to empower borrowers with the knowledge to make informed financial decisions and reduce over-indebtedness.
13.4 B-BBEE Contribution
QuickFund’s ownership structure (50% black-owned through the CEO’s shareholding) positions the Company favourably on the B-BBEE scorecard. The Company is targeting Level 2 contributor status, which supports procurement opportunities with government entities and large corporates, partnership opportunities with B-BBEE-conscious organisations, and access to government grants and incentive programmes supporting black-owned enterprises.
This document contains proprietary and confidential information. Distribution without written consent is prohibited.