South Canterbury Finance says it's determined to stand on its own two feet by the end of next year.

Chief Executive Sandy Maier says the company is winding up a series of national road shows to convince people it's good investment.

Mr. Maier says the company has split its operations into a finance unit with 700 million dollars in good loans, a bad bank to hold troubled loans, and an investment division with assets like the apple producer Scales.

Mr Maier says it's clawing back about $1 million a week by selling distressed assets, while investors are rolling over about $100 million per month.

South Canterbury plans to raise more than $1.2 billion from investors.