A “community-type” insurance is being created to save small businesses destroyed in the KwaZulu-Natal unrest!
KwaZulu-Natal, South Africa (20 July 2021) – Many uninsured small/micro businesses have been destroyed in KwaZulu-Natal during the recent violence and looting.
As a registered NPO, The Peace Agency is inviting those who have R5k, R10k, R20k, R50k etc. in investments, savings, or retirement funds, to consider drawing an amount and giving it to a business to rebuild itself. This will not be a loan.
It will be a community/citizens insurance payment.
“We are also inviting community groups such as faith-based organisations, stokvels, schools, businesses, exercise clubs, book clubs etc to get got together and each contribute a smaller amount to save a local business in their area of KZN for the benefit of the whole community. If you are elsewhere in South Africa or abroad, we can identify a business in need on your behalf.”
The Peace Agency is a registered Durban, Kwa-Zulu Natal based Non-Profit and Public Benefit Organisation with over a decade of experience in the social development space. Whilst our specific mandate is orphans and vulnerable children, we are positioned to facilitate social justice/restoration projects under our auspices.
The project is immediate and will be run as follows:
- Detailed due diligence will be done on prospective SMME’s to identify the real need.
- The Peace Agency will work in partnership with the iLembe Chamber of Commerce and Industry and other Chambers around KZN to assist with the identification of businesses in need.
- They will facilitate a mentorship process to ensure the best use of the funds.
- They will project manage each investment, ensuring transparent accounting and a detailed report for each donor on the business they have restored.
- Funds will be used for infrastructure and stock and, where possible, will be paid directly to suppliers.
All donors will be issued with a Section 18A tax certificate.
The Peace Agency Bank Details:
Bank: First National Bank
Branch: Ballito
Branch code: 25 06 55
Account: 6271 805 6874
REF: Name + KZNBR fund
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