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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 79%. After the first four slow months of 2018, which are due to Christmas overspending, growth has returned and we are anticipating a strong end to 2018 and a bright 2019.

We also wanted to take this opportunity to provide you with our bi-annual report once again.  Please take some time to read it and then share it with your friends and family. We are proud of our progress and grateful for your continued support and partnership.


  • Since we last updated you, we have succeeded in opening up three new branches. As a result, in a years time 1800 new clients will be empowered and added to Phakamani. In 2019 we plan to open six more branches.
  • We have submitted an application to Jobs Fund in South Africa to develop the Eastern Cape and introduce an individual lending product.
  • We mentioned last time that when it comes to training our staff “This year is the best yet”.  We are seeing some definite and positive changes as a result of our efforts.
  • According to our data the number of active clients is up 11% for this year while loans disbursed have increased by 35%. This indicates that our current clients are growing their businesses, which is just what we want to see.

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