SPF Project



KISTEFOS - OPPORTUNITY FUND

Funded by: Kistefos, Norway

Programme Manager: Carl Satekge

Sector: Social

KISTEFOS - OPPORTUNITY FUND

This programme was established as an integrated action for sustainable community empowerment process in the informal settlement of Buffalo City Metro Municipality.

This initiative is aimed at involving the small entrepreneurs at a local level to be active and highlight fundamental improvements to enable them to participate in local economic development. The community development process was historically characterised by poor economic development which has created a large number of poor families in the community. Those families can positively contribute to development but they are prevented from doing that due to lack of resources, lack of information, lack of access to markets, and lack of access to funding for small businesses.  Fledgling small businesses operating in rural and peri-urban areas for 2 years or more are supported with business skills, mentorship and micro-credit.

The Aim: Provide 2 Enterprise development staff to support 180 small entrepreneurs. 

The Results: Three (3) Enterprise Development officers have been appointed. 97 Small Enterprises have been regularly supported to date.

The Aim: Provide Micro MBA accredited training to 180 small enterprises in market analysis, costing, pricing, selling, using a calculator, business plan and money management: 

Results: 105 new Small Entrepreneurs were trained in the Micro MBA course. Providing advice and support to small enterprises telephonically. Many are currently not operating due to lockdown regulations. We are preparing to assist small entrepreneurs when lockdown eases from June 2021.

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