$USD 2M Lent
Over $USD 2 million lent to 442 entrepreneurs and donated to 24 special projects in 5 years.
Over 33 cities reached in all 10 departments.
806 jobs created.
Almost 500 entrepreneurs benefit from the program of which more than 200 entrepreneurs trained on basic accounting and marketing. Zafèn is not just a loan - Capacity Building is part of the equation.
Zafèn did a recent survey and the net income in the sample has increased on avg. by 28% and the operating profit margin by 96% by benefiting of economies of scale (the clients are able to buy in bulk) and improving they personnel more efficiently.
After 6 months working in Zafèn fishing villages work more efficiently. They were able to buy more fuel efficient boat. They were able to buy the DCP a very efficient fishing device and increase their distribution channels.
After 6 months in the program organizations/associations are able to improve their gross margin by almost 10%.
Almost 15% of Zafèn’s portfolio is invested in Handicraft. Handicraft businesses that are part of the program improved by 30% their gross margin. Zafèn is one of the rare lender in the handicraft sector and is clearly making a difference!