Before joining Tukulakulane SCOBA, Faridah faced significant financial challenges that made it difficult to provide consistent support for her family. Meeting basic needs such as paying school fees, ensuring food security, and managing household expenses was a daily struggle. Limited access to reliable income sources and financial services meant that long-term investments seemed out of reach. Faridah’s journey began to …
Before joining the SCOBA initiative, 33-year-old Julianah faced challenges of limited capital, which restricted her ability to expand her salon business and maintain adequate stock of hair products. This often led to missed opportunities to serve more customers and increase the chances of growth.
As she started participating in a SCOBA, Julianah embraced a culture of saving consistently and managing her finances more effectively. Over time, she accumulated savings that enabled her to gradually improve her salon by increasing stock such as hair products and equipment. With growing customer demand and improved financial confidence, Julianah identified an additional opportunity to boost her income.
Recognizing the need to diversify her business, she introduced the sale of soft drinks at her salon. This strategic move not only attracted more customers but also increased her daily earnings, as clients could enjoy refreshments while receiving services. Her business has since become more vibrant and appealing, contributing to higher customer satisfaction and retention.
Future Plans
Julianah plans to further expand her business by adding more beauty services, increasing stock, and possibly acquiring a larger space to accommodate more clients comfortably. She also aims to continue saving and accessing larger financial support to strengthen her enterprise.
Tukulakulane Mayira School Community Bank(SCOBA) began as a simple savings and credit group under SCOBA project in 2020 with a shared vision of improving household incomes and strengthening financial discipline among its members. Like many SCOBA groups, members started by making regular contributions and supporting one another through small loans and financial guidance. From Savings to Sustainable Investment: As time …
