co-op BUSINESS PLAN

Transcription

co-op BUSINESS PLAN

Registration number: IT1874/00
NPO Registration number: 031-582-NPO
Segametsi Hope (SA)
Socio Economic Development &
Enterprise Development
Interim summary Report – Period 2011 - 2014
Prepared for:
Prepared by:
Date:
Document #:
Contact Details:
Postal Address:
Web page:
Segametsi Stakeholders
Vaughan Coetzee & Louis Blom
8 July 2014
1
erni@jcgroup.co.za
P. O .Box 11306, Silver Lakes, 0054, RSA
www.jcgroup.co.za & www.segametsi.com & www.judeahope.org
Segametsi Hope (SA) – SED & ED Program
Progress report June 2014.
1.
Background:
TiAuto, Canon International, JC Group, Finningley Estates and many other corporates entered into
either Socio-Economic Development or Enterprise development agreements with Jedidiah trust,
with specific reference to the Custodian role required.
The Donors made various grant deposits since year end 2011 to the Jedidiah trust for custodian
management of the approved projects.
2.
Main Projects:
For SED; Most parties wishes to enter into a selected Child Day Care FEEDING Programmes, run
through Judea Hope and a number of the Judea Hope day care centres where ‘adopted’.
For ED; the sponsoring party would specify the selected project and outcomes, yet others would
agreed that some of the funds should be allocated to a sustainability program, with a specific focus
on NEW VENTURE CREATION.
The programs run through Segametsi Hope (SA) and the provincial companies.
a. SED - Feeding Program:
The FEEDING program is to ensure that every child at the ‘adopted’ day care center would
receive one meal a day for the entire year. The meal would consist of a special packed
balanced meal with additional nutrients and vitamins. In addition the day care center would
receive cash to purchase vegetables and a protein supplement.
More information under paragraph 5.
b. ED – Specific or the Sustainability Program:
A comprehensive sustainability program was designed with Segametsi Hope (SA). The
sustainability program consisted of various activities and was designed as a long term
program.
The main aspects of the sustainability program are:
 Training programs for entrepreneurs, principals and Day Care Centre owners,
 Creation of a Segametsi Micro-Loan fund to grant start-up business loans or
product to enable Day care centers to start their own supporting business
ventures,
 Assistance to register co—operatives and to assist with their business plans
and applications for DTI grants
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TiAuto SED Progress Report


Capacity building in the support structures of Segametsi Hope (SA) ,
(Gauteng) and (KZN),
Assistance with infrastructure constraints, for example age appropriate toilets
and kitchens at day-care centres.
Segametsi Hope (SA) has successfully created the Segametsi Micro Loan fund
and advanced 55 micro loans to carefully selected members. Repayment of the
loans are in progress with an estimated 75% success rate. The other 25% needs
constant mentoring and additional support.
More information under paragraph 6.
3.
Financial Summary:
The Total grants of more than R3,000,000 was received over the period 2011 – 2014 and applied
as follows:
Grant Funds Total Application - 2012-2014
Feeding Scheme 2011 - 2014
Sustainability program Expenditure
Enterprise Development Fund Balance
Cash Balance on hand
The Segametsi Enterprise Development Sustainability fund was created during 2013
with the main purpose to create a “ROLLING GRANT” situation. This Rolling Grant concept
allows the funds so allocated to be recovered and re-invested at a nominal interest rate. Bad
debt write-off will be a given in the market that Segametsi operates but because of the peer
pressure between members this write off percentage should be relatively low.
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The Enterprise Development Sustainability fund overview:

Total Funds paid out
R805,479
o Bad debts accumulated
o Total repaid to date
o Total Outstanding
R28,800
R183,132
R593,547

Illustrated as follows:
SEGAMETSI Enterprise Development Fund Overview
Total repaid to date
4.
Bad Debts to date
Value Rolling Grants
FEEDING program roll-out progress:
a. Day Care Centers
In 2011 the parties agreed to ‘adopt’ the following Judea Hope Day care centers;
 Mamelodi – two day care centers – 150 children
 Diepsloot – two day care centers – 150 children
 Kwa Mashu – one day care center – 35 children
 Cape Town Flats – three day care centers – 147 children
Since the year 2011 these Day care centers have received the meals and feeding as
agreed. The budget per year was R400,000.
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A video available on YouTube re the effects of the food sponsored by TiAuto:
http://youtu.be/UCJTBsDQiFU
b. Food Packing events
Various food packing events were facilitated, purchasing bulk product, packed in meal
packets and then boxed for the day care centers.
Some TiAuto packing event video available on YouTube:
http://youtu.be/N3X_8iRDv1Q
http://youtu.be/tb_Co8Up680
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5.
SUSTAINABILITY program roll-out progress:
Some of the program highlights are:
a. Segametsi Hope (SA) Enterprise Development Fund
Segametsi Hope (SA) in conjunction with the provincial Segametsi companies, formed an
Enterprise Development Fund. The purpose is to rather advance funding on a micro loan
basis to its members than keep on handing out grants. The fund views the advances of
micro-loans almost as “Rolling Grants”. Recovery of the loan allows Segametsi Hope to
extend another loan to the next applicant.
To date 55 loans have been granted, total value of R805,479, of which R183,132 has
been repaid to date. Accumulated Bad debts to date amount to R28,800 leaving a balance
of R593,547 outstanding and recoverable over a 3 year period.
A summary overview:
SEGAMETSI Enterprise Development Fund Overview
Total repaid to date
Bad Debts to date
Value Rolling Grants
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b. Annual SAQA Course; Weekly Training program at NBCC
During 2012, Segametsi Hope in conjunction with New Beginnings Learning academy,
launched a training program on Tuesday nights at the NBCC auditorium in Boksburg.
Between 500 and 900 church leaders, day care center owners, entrepreneurs and aspiring
entrepreneurs attends the Tuesday evening get together.
Segametsi hope presented to the main group topics such as introduction to co-operatives,
selected business opportunities, funding options, etc. The main group normally breaks up
into various classes of which one class is the Segametsi Hope Business class. At this
class specific needs are addressed and various lecturers are invited to teach.
During 2012, 45 students registered and 28 completed the year, graduating with a SAQA
certification.
During 2013, 75 students registered and 42 completed the year, graduating with a SAQA
certification.
During 2014, 152 students registered.
Some pictures of the Classes.
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c. TiAuto Day Care Centre Business Training Day
On 24 May 2014, a TiAuto Day-Care Centre Business Training conference was held at
NBCC auditorium. 185 delegates attended, representing +/- 100 day care centers from
Gauteng. The course focused on sustainability of day-care centers. Course material is
available. Delegates received a lunch and a gift package per day care center.
15 day care centers each received a starter pack valued at R500.00 of selected clothes for
resale to their community. The expected profit on the starter pack is at least R750.00.
They will be able to re-order additional stock as they are successful with the sale of the
starter pack.
See a YouTube video on the TiAuto Day Care Business Training day and some
Photos.
http://youtu.be/ZnlHn0FgNEM
d. Capacity Building
Segametsi Hope (Gauteng) and (KZN) in particular was supported to enable the two
companies with capacity and ability to support the members. Various programs were
launched and implemented;
 Clothing Project
 Solar Project
 Internet Café, Airtime sale & Business Services
 Infrastructure support
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
Co-operative training and Registrations
These initiatives and projects will be briefly discussed and illustrated.
A number of micro loans were advanced as starter packs, capacity building, improvements
and funding of particular assets.
i. Clothing:
In Boksburg, at the NBCC training center a clothing wholesale facility was established.
Clothing stock (end of range) from Wizard Clothing to the value of R150,000 was
purchased. The Ekurhuleni day care centers are buying their replacement stock directly
from the new facility. Other day care centers selling clothes orders through the SA head
office and packages are then drawn and shipped to them.
Some Clothing pictures of the Segametsi stock for Segametsi members:
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ii.
Wholesale Facility for members & NBCC Boksburg:
In Boksburg, at the NBCC training center a wholesale facility was established. Promotion
and end of line stock are available from time to time at huge discounts that assist
members with their New Venture Creation initiatives. Some of these products are then
shipped to KZN and other areas such as Orange Farm.
iii. SOLAR:
In Khatorus and New Jerusalem, two co-operatives were formed, equipped and trained to
install BettaLights Solar units. They sign up interested households, install a unit and
recover a monthly rental of R70,00 per light. Khatorus has successfully installed 150 units
to date. Khatorus is receiving a monthly income of R10,500 at this stage.
New Jerusalem is in startup training and should be operational by August 2014.
Segametsi Hope advanced loan finance for startup capital and solar units.
These pictures are of Khatorus co-operative.
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iv. Internet Café, Airtime sales & Business Services:
Various day care centers extended their ventures to include an Internet café, airtime sales
and Business services such as printing, copying and computer time for hire. This initiative
is highly successful and in high demand. Segametsi Hope advanced loan finance for
startup capital and solar units.
These pictures are of Elukwatini.
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Mamelodi Mama Shirley Day Care Centre Upgrade;
v. Infrastructure development
Some struggling day care centers were assisted with funding and expertise to improve
their infrastructure constraints, affording them the opportunity to expand the day care
center facilities. The projects aim is to get the day care center to a self-sustainable
position. Toilets and bathroom facilities were funded and managed at Rosaline Day care
center:
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vi. Co-operative training and Registration
Day-care and other entrepreneurs were assisted in registering co-operatives. Segametsi
Hope handles the registration process. Each co-operative received coaching on the
corporate governance and administration required. Once these co-operatives have a
successful track record they will be assisted with the preparation of a business plan, cash
flow projections and an application to DTI to qualify for grants.
Day care centers are motivated to expand their business focus by including aspects such
as internet café’s or clothing agency / sales. These expansions help them to qualify for a
grant from the DTI and to elevate them to a sustainable unit.
12 co-operatives have been registered and an additional 23 are in progress.
6.
Conclusion
We wish to thank all our supporters of the projects. It is making a huge difference in the lives
of many families.
They appreciate your support and believe we will have a long standing and sustainable
arrangement that will grow from strength to strength.
If you need any additional information we would be glad to provide.
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co-op BUSINESS PLAN

Transcription

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