About
Xhantela
Passionate about growth
Responsibly lending to micro-businesses since 2013
Xhantela combines the power of social bonds within communities with traditional credit risk management practices to provide affordable business development loans to micro-businesses.
This unique approach has ensured that our customers have achieved a repayment rate of over 99% since inception, allowing us to make Xhantela loans the most affordable option available to micro-business owners.
Why we exist
In June 2022, 42,6% of South Africa’s workforce were either unemployed or discouraged. This implies that the informal economy holds the greatest potential for income for 11,6 million South Africans. A further 2,97 million South Africans are already making a living in the informal sector.
Xhantela recognises this potential. We support micro-businesses in the informal economy with developmental credit and encourage the building of business networks through our business community meetings.
Our lending practices are based on group-based lending implemented globally. A thorough study of the pitfalls of these models enabled Xhantela to adapt it’s lending practices to the South African context while improving them by adding key aspects of traditional credit risk management.
As a result, Xhantela have been able to grant thousands of business development loans helping micro-business owners to grow their business – enabling them to provide a better life for their families and dependents.