Real People Group, officially known as Real People Investment Holdings Limited, is a microfinance holding company with its headquarters in Rosebank, South Africa.
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Overview
Real People Group is a South African-based financial services institution with operations in Southern and East Africa. These subsidiaries specialize in providing short to medium-term unsecured loans to individuals and SMEs. The group has more than 1,600 employees.
Maps Real People Group
History
Real People Group was incorporated on 13 September 1999 with its co-business was to create operational capability by collecting on non and partially-performing consumer finance portfolios in South Africa. The group later expanded to other complimentary areas of business such as provision of finance in form or education loans and SME financing. Expanded its operations to Kenya, through Real People Kenya Limited (previously known as African Provident Limited). On 21 August 2013 the company converted into a public limited liability company.
As of November 2015, the group has listed bonds on the JSE, NASDAQ OMX Stockholm and the Nairobi Securities Exchange.
Member companies
The companies that compose the Real People Group include, but are not limited, to the following:
- Real People (Proprietary) Limited - East London, South Africa - 100% Shareholding - The flagship company of the group. Engaging in portfolio recovery solutions, responsible finance and general purpose lending
- Real People Assurance Company - East London, South Africa - 99% Shareholding - Carrying out long term insurance business.
- Factors (Pty) Limited - East London, South Africa - 100% Shareholding - A general purpose lending company.
- Real People Credit (Pty) Limited - East London, South Africa - 100% Shareholding - A firm discontinued receivables thereby giving clients greater liquidity.
- Real People Holdings International Limited - Port Louis, Mauritius - 100% Shareholding - A holding company for the non-South African subsidiaries.
- Real People Kenya Limited - Nairobi, Kenya - 100% Shareholding - Previously named African Provident Limited. A micro-finance company.
- Real People Financial Services (Uganda) Limited - Kampala, Uganda - 100% Shareholding - A micro-finance company.
The stock of Real People Group is privately held. As of November 2015, shareholding in the group's stock was as indicated in the table below:
Governance
Real People Group is governed by an eleven-person board of directors Peter de Beyer as the chairman and Neil Grobbelaar as the Group CEO.
See also
- Microfinance in Kenya
- Microcredit
- Microfinance
References
Source of article : Wikipedia
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