<img height="1" width="1" src="https://www.facebook.com/tr?id=475294150444290&amp;ev=PageView &amp;noscript=1">
×
Skip to content

Client

Hungry Lion

Location

Johannesburg, South Africa

Type of industry

Quick Service Restaurant

Business Unit

Digital Business

About Seko Microfinance 

Seko Microfinance was built on a simple idea: helping people get through the toughest time of the month. In many communities, the story is the same. Before payday, people run out of money for essentials like transport, groceries and daily expenses. For many, the only option is borrowing from a neighbour.

In many communities, the story is the same. Before payday, people run out of money for essentials like transport, groceries and daily expenses. For many, the only option is borrowing from a neighbour. But informal lending comes with challenges. Some people repay, while others don't. Over time, relationships become strained, help turns into chasing repayments, and difficult conversations become part of everyday business.

"We became tired of chasing people. It starts to feel like you're disrespecting them." Mzimshe Ntlahla, Strategic Partner

Recognising the growing need, Seko Microfinance transformed informal lending into a structured business, offering affordable short-term loans from R100 to R2,500 to help people bridge the gap until payday.

Watch their #EpicTech story 

Play button

Trust 

Built on authenticated payments

Empowerment  

Through real-time collections visibility

Innovation

Thanks to predictable cash flow

Reliable collections became the biggest obstacle.

Managing repayments proved to be one of Seko Microfinance's

greatest challenges.

The business challenge

Previous debit order solutions didn't deliver the reliability they needed. Payments were inconsistent, administration became overwhelming, and valuable time was spent following up with customers instead of growing their business. At one stage, they were on the verge of giving up.

"I find it good to use Altron FinTech's system because it makes my work much easier." Patricia Maseretse, Administrator

"Seko Microfinance was the very first customer signed through our Kasi Sales Project. Today, they're spending less time chasing payments and more time growing their business."

Abram 'Juice' Ndlovu | Supervisor: Kasi Sales, Altron FinTech

The solution

Determined to find a better way, Seko Microfinance discovered Altron FinTech through one of its marketing campaigns and decided to give it a try.

With the support of our team, the business was onboarded onto a structured collections solution that simplified repayments, reduced manual administration and brought greater predictability to their operations.

"The team was friendly, they took us through everything, and we decided to give it them a chance." Sylvia Maseretse, Founder

Siseko 2
Discover peace of mind with Altron FinTech, a PCI-DSS certified provider, offering secure transaction and loan management solutions. 

Benefit from reliable DebiCheck services and user-friendly web-based products designed to simplify your financial transactions and loan management processes
 
 
Learn More

The benefits

Collections are more structured, processes are clearer and the burden of manual administration has been significantly reduced. The team can spend less time managing paperwork and more time supporting their customers.

"The system has made my work so much easier. I no longer capture everything on paper. I can check customer information, manage enquiries and process loans much faster." Patricia Maseretse, Administrator

Today, what began as neighbours helping each other has grown into a structured, trusted microfinance business serving its community.

With the support of Altron FinTech, Seko Microfinance is focused on what matters most, helping more people bridge the gap until payday and building a stronger, more sustainable business.

And for many people at month-end, that makes all the difference.

 

 

If you have an #epictech challenge
we have the solution.