SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Understand Micro-Finance Business Principles 
SAQA US ID UNIT STANDARD TITLE
110028  Understand Micro-Finance Business Principles 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is aimed at people who work in Micro-Finance organisations to enable them to understand the broad and basic business principles involved in the sector.

The successful learner will:
  • Understand profit and loss in a Micro-Finance organisation
  • Understand supply and demand in a Micro-Finance organisation
  • Understand sustainability in a Micro-Finance organisation
  • Understand compliance in a Micro-Finance organisation 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this Unit Standard are competent in Communication and Mathematical Literacy at NQF Level 2. 

    UNIT STANDARD RANGE 
    All categories of Micro-Enterprise credit up to R50 000 will be included.
    The Unit Standard applies in both rural and urban contexts in South Africa. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand profit and loss in a Micro-Finance organisation 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 The concept of interest is explained in terms of its impact on profitability
    2 The concept of cash flow is explained in terms of the different time frames of loans and repayment schedules in a Micro-Finance context i.e. short term, medium term and long term loans
    3 The importance of exploring all sources of income is explained in relation to a Micro-Finance organisation including targeting clients with different income levels, providing different products for different types of clients and operating in different geographic areas.
    4 Factors which result in a profit or loss are explained in the circumstance of a Micro-Finance organisation 

    SPECIFIC OUTCOME 2 
    Understand supply and demand in a Micro-Finance organisation 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 The concept of supply and demand is discussed in relation to services provided by
    Micro-Finance institutions
    2 Factors impacting on supply and demand are described in relation to services provided by Micro-Finance institutions
    3 The link between price and supply and demand is explained in relation to the Micro-Finance environment including types of products, interest rates and charges
    4 The process of determining interest rates and charges is described in relation to a Micro-Finance institution 
    ASSESSMENT CRITERION RANGE 
    Factors include consumer behaviour, cost of delivering the service, the efficiency of service delivery and competitors
     

    SPECIFIC OUTCOME 3 
    Understand sustainability in a Micro-Finance organisation 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 The concept of bad debt is explained and its impact on the profitability of the Micro-Finance organisation identified in terms of lack of cash flow, collection costs and possible non-collection of debt.
    2 The importance of maintaining good client relations is explained in terms of the sustainability of the organisation
    3 The importance of how clients are selected is explained in terms of the sustainability of the business
    4 The concept of supply and demand is understood in terms of how it impacts on a Micro-Finance organisation and on the type of products offered by a Micro-Finance company 

    SPECIFIC OUTCOME 4 
    Understand compliance in a Micro-Finance organisation 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 Actions are listed to enable a Micro-Finance organisation to comply with the legislation which applies to Micro-Lending including the Usury Act (and its exemption), the Bank Act and Regulation 713 of June 1999
    2 Actions are listed for a Micro-Finance organisation to comply with the rules of the Micro-Finance Regulatory Council
    3 Actions are listed that are required for a Micro-Finance organisation to comply with the Labour Relations Act, Skills Development Act, the Basic Conditions of Employment Act and the Income Tax Act 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    2. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    3. Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    4. Moderation of assessment will be conducted by the Bank ETQA at its discretion, or by an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA

    Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency accredited by the Bank SETA ETQA or by an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The value of having good relationships with clients in order to improve and maintain the profitability of the company
    All products and services offered by the organisation 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using creative and critical thinking:
    When evaluating customer requirements and assisting them 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in a team/group/organisation/community
    When interacting effectively with clients 

    UNIT STANDARD CCFO ORGANISING 
    Responsible and effective self-organisation and management:
    When organising and managing him/herself in day-to-day dealings with the client 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information:
    When maintaining customer information 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems:
    When understanding the impact of poor customer service on the organisation 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23453   National Certificate: Micro Finance  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  BANKSETA 
    Elective  49056   National Certificate: Domestic Appliance Repair  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  EWSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. AAR Trading and Projects (Pty) Ltd 
    2. DC Academy 
    3. Fachs Business Consulting and Training 
    4. Flock Management Services 
    5. Get Ready information Services 
    6. Gigimo Tourism Academy 
    7. Jumpstart Training Institute 
    8. Khanyisa Business and Management Consultancy 
    9. MAKHENSA GLOBAL ICT SERVICES 
    10. MAT 007 (PTY) LTD 
    11. NEW GENERATION COMMUNITY DEVELOPMENT 
    12. Octomate Education Pty Ltd 
    13. RIAPHATHUTSHEDZA 
    14. RUDO CONSULTING cc 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.