Siqalumnotho FSC was established on 28 February 2009, supported by organisation called CORD a consultancy appointed by the Department of Agriculture KZN to mentor small scale farmers to operate their businesses successfully. Siqalumnotho FSC was previously known as Ncedisizwe Saving Club and the name was eventually changed to Siqalumnotho FSC after SAMAF requested the FSC to change its name, because the name Ncedisizwe was used by SAMAF former client. The aim was to prevent confusion regarding the name Ncedisizwe. The institution was initially formed to service small scale farmers but they have widen the net to include micro enterprise, and low income earners. The institution was formed with the objective of addressing the challenge of access to finance faced by the community members of Madadeni Township.