The review showed that while the 30-day target time for paying creditors had already been reduced to 20 days, the target of 91 days to approve loan applications had not been met. The turnaround time of 125 days was attributed to poor quality of funding proposals, which required further investigation and re-presentation. This figure would improve substantially in the second quarter. Mr Naidoo outlined the challenges facing SAMAF, which included that the level of skills, leadership and accountability at senior levels within the organisation left much to be desired. Five of the nine provinces were not performing well, and if the very clear targets which had been set for the next three months were not met, appropriate action would be necessary. Interventions were being put in place to deal with the lack of skills within the micro-finance sector. SAMAF had spent a lot of time over the past four years developing institutional mechanisms. Some of them had become very cumbersome and were not developmental in nature, and would have to be refined.