Maria took out her first loan with Phakamani in the beginning of 2014. Since then she has borrowed and repaid seven additional loans. Access to this capital has enabled her to expand her seamstress services by purchasing fabric, bedding rolls and taffeta. Additionally, … [Read more...]
4th Quarter 2018 Update – Growth and Expansion
Greetings from South Africa! We trust that 2019 is off to a strong and positive start for you and your loved ones. Things are off and running here. As we reflected and planned for this new year the words "depth" and "expansion" kept surfacing. in 2019 we will encourage … [Read more...]
Jane’s Story
Jane Mnisi uses her loan to stock up bulk meat that she sells for a living. The access to capital also helps to ensure she can afford transportation costs when she hires a truck for pick-ups. Before joining Phakamani she had been a budding entrepreneur, selling clothes. Working … [Read more...]
3rd Quarter 2018 Update
Phakamani Foundation has wrapped up a successful quarter thanks to the hard-work put in by our staff and clients. The planned repayment rate from our clients is 99% and operational sustainability (the percentage of our costs that are covered by our clients) rose from 76% to … [Read more...]
Thembisile’s Story
Thembisile Hlahla joined Phakamani in 2014 but that was not the start of her entrepreneurial journey. She had been sewing traditional dresses and selling them along with fruit and vegetables. She is now on her third loan cycle and the access to capital continues to enable her to … [Read more...]
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