Supporting Phakamani means giving an empowering hand up to those in poverty, rather than a hand out that is here today and gone tomorrow.
Phakamani is a registered Public Benefit Organisation in South Africa and also in Canada. Our fundraising partner in Australia is Ripple Effect International. Phakamani is also an audited Section 21 (not-for-profit) company in South Africa, with all of the operational and financial controls that one would expect.
Donations to Phakamani help us cover operating costs and micro-loans to an increasing number microentrepreneurs. Since Phakamani lends money as part of its program, the loans gets repaid and recycled to help the next person – meaning each gift is leveraged to help as many people as possible.
Phakamani accommodates individual, group and corporate sponsorships from across the globe.
Ideas on how to participate*:
- Contribute any sized donation to the foundation
- R10 000 (USD 1250) to cover the cost of creating, training, and following one new group of five entrepreneurs in its first year, including funds for loans
- R80 000 (USD 10 000) to cover the cost of creating, training, and following one new centre of up to 40 entrepreneurs in its first year, including funds for loans
- R320 000 (USD 40 000) to cover the cost of establishing and operating a new Phakamani service area (1 or 2 villages) for its first year, including funds for loans
*Note for Corporate/Business Sponsors in South Africa: In addition to the benefits to society that Phakamani provides, donations to Phakamani Foundation can be claimed as a contribution to Broad-Based Black Economic Empowerment (BEE) and earn a company up to 50 points out of 100 under the Department of Trade & Industry’s Codes of Good Practices. This is because Phakamani qualifies as a beneficiary entity under both Enterprise Development and Socio-Economic Development as confirmed by a SANAS-accredited verification agent. Please see the BEE section of this Website for more details.
