Empowering MSMEs and Cooperatives The Small Enterprise Development and Finance Agency (SEDFA), an agency of the Department of Small Business Development, began operations on 1 October 2024 after the merger of the Small Enterprise Finance Agency (sefa), the Small Enterprise Development Agency (Seda) and the Cooperatives Banking Development Agency (CBDA). It was established as a single, integrated institution to provide financial and non-financial support to micro, small and medium enterprises (MSMEs) and cooperatives.