Spartan Impact Finance

Sparten is a true South African SME lender. 

Given that Spartan is exclusively focused on financing SMEs and entrepreneurs – means that they’re serving a target market with expectations of fast turnaround time, convenient engagement and aversion to documentary compliance.

So to meet those expectations – Spartan thinks technology in all they do. They have created and adopted technology smartly in key aspects of the financing process for SMEs.

Spartan pioneered Software Finance for SMEs in South Africa – and this afforded them the opportunity to be plugged into the forefront of the software ecosystem. These insights and networks have been used to develop and adopt the right technology to aid our financing of SMEs.

General information

BorrowerSpartan Impact Finance (PTY) LTD
CountrySouth Africa
Head officeJohannesburg
Websitehttps://spartan.co.za
Founded 1 January 2011
Active on Lendahand since 1 March 2019

Download annual report

Financial information per 2019-09-30

Loan portfolio€3,241,677.76
Equity / total assets16.90%
Write-off ratio last 12 months0.00%
% investment amount in arrears (>90 days)34.00%

About South Africa

South-Africa, officially Republic of South-Africa, is a country on the southern end of Africa. It is a developing country with, according to world standards, an average income level. The financial, legal, communication, energy and transport sectors are well developed as is the country’s infrastructure, but the unemployment rate, being 26%, is still especially high and the economical problems emerging from the apartheid system haven’t been solved. The government aims to improve economic growth and attract more foreign investments by softening labor legislation, accelerating privatization and diminishing government spending.

Most recently funded project

Spartan Impact Finance 4

With EUR 300,000 Spartan Impact Finance will be able to fund 2 SME companies operating in the security services and manufacturing sector, providing them with working capital.

  • Local partner investment
  • 10 new jobs
  • 100 people reached

€300,000

Amount

12 months

Maturity

3.50%

Annualized interest
100%
Fully funded in 6 days on 16 February 2020.