ADF pleased with loan re-payments from beneficiaries

November 12th, 2020

By Kgomotso Ramotsho

The Attorneys Development Fund (ADF) held its annual general meeting (AGM) on 3 October 2020 in Johannesburg. During the AGM, the chairperson of the ADF, Mashudu Kutama, reported that the fund was pleased that its beneficiaries – who received loans from the fund – are paying the money back to the ADF, despite the economic challenges that the country is facing during the COVID-19 pandemic. In the ADF annual report presented to members of the ADF, it reflected that more beneficiaries were paying back their loans. This means that the ADF can help future beneficiaries.

Beneficiaries of the fund do not only receive office resources from the ADF, but the key element of the fund is that beneficiaries also receive strategic support, which includes –

  • social media training;
  • website set up;
  • business mentorship; and
  • technical support to ensure that their practices grow into sustainable practices.

Mr Kutama also announced that the ADF, will be moving back to the offices of the Law Society of South Africa, where it was previously housed, before moving to the law hub in Bedfordview. He added that the reason for this move, is to save the fund some money, so that the money can be used for its real purpose, which is assisting beneficiaries.

Kgomotso Ramotsho Cert Journ (Boston) Cert Photography (Vega) is the news reporter at De Rebus.

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