The Small Enterprises Development Corporation (SEDCO) was formed in 1983 through an Act of Parliament, chapter 24:12 and is a parastatal which falls under the Ministry of Small and Medium Enterprises and Co-operative Development.
Vision:
To be the development finance institution of first choice for Micro, Small and Medium Enterprises.
Mission:
To champion economic growth by promoting and developing Micro, Small and Medium Enterprises through delivery of customer focused financial and business extension services.
Values:
- Integrity
- Transparency
- Timeliness
- Professionalism
- Commitment
- Teamwork
- Accountability
SEDCO's Mandate:
- Part 111 of section 18 of the SEDCO Act (link to sedco act), Chapter 24:12, provides that the functions of the Corporation shall be-:
- To encourage and assist in the establishment of co-operatives and small commercial or industrial enterprises.
- To provide assistance, whether in the form of financial assistance, management counselling and training, information, advice or otherwise, to co-operatives and small commercial or industrial enterprises.
- To advise the Minister on all matters connected with co-operatives and small commercial or industrial enterprises.
- To do all things which by this Act or any other enactment are required or permitted to be done by the Corporation
SEDCO's model of SME Development:
- Ensuring SME access appropriate financial products from SEDCO
- Providing decent workspace by providing factory shells, office space, artisan hives and vendor marts.
- Providing capacity building products such as training and mentoring according to SME capacity gaps
- Pursuing partnerships that benefit SME
- Creating linkages and value chain integration for SMEs
Address:
Head Office
SEDCO House
170 Chinhoyi Street
P.O Box 4520
Harare
Zimbabwe