Social Enterprise Finance Australia (SEFA) has been established to provide tailored finance to social enterprises on commercial terms together with targeted business advice and support.
Fundamental to this is a commitment to helping clients build their capacity to manage debt and become financially sustainable over time. SEFA seeks to maximize social and environmental impact in addition to supporting financial returns and a viable sector.
The Australian Government has provided $10 million in seed funding to SEFA with a further $10 million being invested by a range of corporate and individual investors, to seed the $20 million SEFA Loan Fund.
SEFA brings together a unique range of enterprise partners with expertise in social finance, business development, community development, and research and training.
The SEFA Loan Fund will provide finance to social enterprises on commercial terms, drawing on the expertise of one of the world’s leading social impact finance organisations, Triodos. Integral to this business objective is a commitment to helping its customers build their capacity to manage debt and become financially sustainable over time.
The SEFA Loan Fund will focus on the following three broad areas of social impact
- Community Development - loans to a range of social enterprises such as community housing enterprises and employment generation projects.
- Aboriginal Community Enterprises - loans to social enterprises led by Aboriginal people or providing services in Aboriginal communities.
- Community Environment Enterprises - loans to social enterprises dedicated to land conservation and environment protection as well as community benefit.
SEFA will also include an incubator fund that will cover all three categories by providing finance and capacity building opportunities for less established social enterprises that are able to demonstrate the potential for significant social impact.
SEFA will offer loan products to social enterprises in tandem with targeted business advice and support to help build their capacity to manage debt and become financially sustainable over time. SEFA will provide access to a recognised training qualification that focuses on business management and responsible debt financing.
Together with the Macquarie Group Foundation and other members of corporate Australia, SEFA will connect social enterprises with experienced business people and entrepreneurs by introducing a mentoring program to provide them with support, guidance and advice.
Social enterprises wishing to register their interest in applying to the SEFA Loan fund should contact SEFA directly by