How we work and where the funds come from
ASB relies on base support from Township Patterns, which pays a 2% levy that equals a 46% self-funding ratio. All other funds come from donors, members and fundraising initiatives.
The capital investment cost of establishing a co-op of 10 people is R200,000:
R100,000 for the 17 week training course and coaching during the 6 month incubation phase
R100,000 for equipment, workshop renovation, registration & legal fees
The biggest cost is always the initial training to establish a new co-operative. Getting women with little or no experience to the point of technical competency, plus the understanding and ability to run their co-op, is time consuming and costs money.
The cost of running our support and development programme is R40,000 a month.
Corporate sponsors are critical to the success of ASB and with the help of corporate donors and CSI (Corporate Social Investment) strategies we are able to make our contribution to the transformation of Cape Town townships’ economy. There are many reasons why corporate donors should support our action but it is worth noting that corporate funders who support ASB are either able to claim CSI points (5) or Enterprise Development points (15) under the BBBEE codes.
In 2010, after a thorough evaluation process, ASB was selected by the GreatGood SA under the enterprise development category and listed on the South African Social Investment Exchange platform (SASIX) in June 2010. After less than a week of being listed on the investment platform, the project was fully funded for a total budget of R820, 000. This allows ASB to finance the creation of three new cooperatives – or 30 jobs – for unemployed women and to strengthen the organization’s governance.
To finance our projects through SASIX please click here.
Bags of potential
Also to attract new CSI investors, ASB has recently launched a very original fundraising campaign called “Bags of potential” using bags made by the co-operative women that were hand-delivered to selected CSI managers across the country. This resulted in an investment by Johnson & Johnson of R200 000 in 2009 and 2010.
Skills development with Ernst & Young
Apart from financial donations ASB is looking for corporate sponsors who are able to donate knowledge. We are specifically seeking opportunities to strengthen our skills development programme for the ongoing training of our cooperative members, especially in the areas of financial management and sales & marketing. As we believe that personal skills are equally important for running a successful business we also welcome contributors in this area – be they experts on motivation and team work, nutrition or personal finance, to cite a few.
To that end, ASB is working on a partnership with Ernst & Young. An initial workshop on finance skills training is being planned and if successful, regular workshops will be held for each of the cooperatives, each workshop being delivered by experienced and highly competent E&Y staff.
A huge thank-you to our current funders and partners: Numerous organizations and individuals give their support and make it possible to achieve our goals:
Ernst & Young, GreaterGood SA, International Aids Society, Johnson & Johnson, Pick n Pay Foundation, INCA Capacity Building Fund, Township Patterns
WUCT: (BoE, private donors)
We also received support in the form of training from Old Mutual’s Masizane, who provided training in personal finances and Cape Craft and Design, who provided a pattern-creating course.
What support we need:
Would you like to become part of the future of Township-ASB and its future women walking towards opportunity?
We have a small core team of one employee, several committed volunteers and an active volunteer board.
We look to partner with other organisations wherever we can, to provide the skills or services we need. If you or your organisation would be interested to partner with us, we would love to hear from you.
Cash donations (tax-deductable)
Memberships (Private or corporate membership)
Time/skills/partnerships (volunteer work, trainings by corporates, sponsorships of products and services)
Our banking details are : Afrique du Sud, Bidonvilles
Account name: Afrique du Sud, Bidonvilles
Branch: Cape Town
Branch Code: 10-09-09
Account Number: 1009 639072
Code SWIFT: NEDSZAJJ
To contact us Email: Nicole-Marie firstname.lastname@example.org
Tel: + 27 (0) 422 4828
We are registered as: Afrique du Sud, Bidonvilles