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...]
2nd Quarter 2018 Update
We are thrilled to provide you with our latest bi-annual report. In this report you will see the progress the Phakamani Foundation has made over the past few years in measurable ways. Members of our management team also provide updates and plans from their … [Read more...]
1st Quarter 2018 Update
We are excited to bring you this update just as we are excited to share news with you, our partners, every quarter. This update is especially special because it comes as we celebrate ten years of service. We are grateful for all we have accomplished and all the work that lays … [Read more...]
They come from all over
Nomhle has a salon in the village of Lakazi which is in the Mpumalanga Province. She has been able to combine her skills and vision with access to capital and business training to be able to grow her business as she has borrowed and paid back seven loans with Phakamani. Nomhle … [Read more...]
Filling a Market Demand
Shonaphi is on her second loan cycle with Phakamani. Both times she has used the financing to increase the items she carries and the quantities she stocks. Her business plan is to provide basic home and hygiene items to her community such as toilet paper, perfume, furniture … [Read more...]
4th Quarter 2017 Update
2018 is here to stay! We are hoping the new year finds you well and that the coming months are full of growth, achievement and love. That is the plan for Phakamani staff and clients. We have another full year ahead of us and with the support of friends like you and God we will … [Read more...]
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