Phakamani addresses poverty, unemployment, corruption and hopelessness in South Africa by providing support and education to motivated female micro-entrepreneurs. Training, group loans and empowering on-going support enable them to generate income and create savings and hope for the next generation. With time and training South African women are able to participate in local markets and turn their ideas into viable small businesses, bringing opportunity and hope to their families and communities.
Most citizens in rural Mpumalanga, South Africa are shut out of the formal economy. Two-thirds of the households live on less than $50 a month. Clinic records show that 35% of the mothers are HIV+. Most fathers are absent due to a lack of employment opportunities. The residents of Mpumalanga must compete in a first world market which is extremely challenging without access to financing or basic business understanding. Opportunities are just out of reach for even the most motivated entrepreneur.
When motivated women are giving financing & support they have the ability to develop solutions to not only feed their families, but to build a stronger community. This brighter future will be built on business ideas developed in response to the needs, opportunities and values in their own communities. Phakamani links women into the formal market by providing graduated group loans and on-going business training and support to female entrepreneurs with viable ideas.
When these small enterprises succeed, hope and opportunity begin to grow within the rural communities.
Phakamani is currently supporting 8,000 micro-entrepreneurs and intends to develop 1,000 new clients in 2014. Each of these women directly support at least 5 others and play an active role in their local village. These small businesses will become important institutions as South Africa continues to grow. Proceeds from this campaign will provide the on-going support needed in Mpumalanga.
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