Select language

Real People

Real People is a financial institution that offers credit to small enterprises and individuals who otherwise have limited access to financial services in South Africa and other countries in the region.

Real People is one of South Africa’s largest non-banking independent financial services provider that has been operating in Southern Africa fore more than 15 years. Real People is a consumer finance and mortgage financing institution that targets customers from previously disadvantaged communities, with low to moderate household earnings who would traditionally not qualify for credit from the banking institutions in South Africa.

Real People's core competence – to collect unsecured debt in the supposedly “higher risk” end of the market - has enabled the bank to take opportunities and diversify into a number of related areas of business, namely:

  •  Unsecured Credit in South Africa and East Africa
  •  Affordable Housing
  •  Assurance
  •  Educational Products
  •  Cellular Products

The total assets of Real People amount to NOK 2.3 billion. Norfund has invested about NOK 300 million in the form of a line of credit and has an ownership share of 18 per cent. The largest owners of the institution are Old Mutual and Peregrino Group. Norfund’s contribution will provide a platform to Real People for providing financial services to low-income groups.



  • Sector: Micro credit
  • Investment year: 2009
  • Instrument: Equity and mezzanine
  • Committed amount (MNOK): 308,9