Sustainability Plan: What is this solution’s plan to ensure financial sustainability?
While we all want to generate a lot of income, it is imperative that we know
the minimum we must raise to achieve the proposed objectives related to fulfilling our respective
goals and covering administrative costs. the plan i can compare to a table just as it needs four leg to stand so will we need for pillars to guide our financial sustainability. These pillars are extracted from my experience;
1. Strategic and financial planning
2. Income diversification
3. Sound administration and finance
4. Own income generation
And also be able to deliver products and services to the market at a price that covers their expenses and generates a profit.
Founding Story: Share a story about the "Aha!" moment that led the founder to get started and/or to see the potential for this to succeed.
About two years ago, I had a business idea which my family encouraged me
to pursue. This coincided with the first Zambian Children’s Climate Conference
by UNICEF, which I attended.
Having learned a lot about climate change, I got back home and decided
to recycle saw dust. However, I did not have the money to implement the idea.
This project was realized with financial assistance from a USAID project
in September 2010 and started operating in March 2011. One day, my brother
and I were listening to the radio and heard an advertisement about an NGO
that was funding youth businesses across Zambia. At the time I was in school
and below 18 so my elder brother, Kenny took it up. Our business was among
38 that were funded from over 180 applicants. That is how Daj’oy Manufacturers
Company Ltd was born.The company makes briquettes from saw dust. The product is a substitute for coal,
burns longer, and is environmentally friendly. I decided to do this to help fight
Partnerships: Tell us about your partnerships.
Yapya- Youth Investment Trust of Zambia are responsible for the loan we used to start the business through Dfinance which is their subsidiary that handles all the funds loaned out. The mission of Yapya is to establish itself as the agency of choice for the provision of youth empowerment services in Zambia that facilitates countrywide job creation and increased income for young people through skills development, industrial placement, assess to market and to invest capital while leveraging a vast platform of local and international partners.
UNICEF Zambia- provide media coverage for the project to all its offices worldwide and local newspaper plus encourages the Climate Ambassadors involvement through the Wildlife Conservation Society of Zambia (WECSZ).