Online Reporter
Peter Matika, [email protected]
VENDORS in Bulawayo and Matabeleland North provinces are in the process of developing several self-sustainable projects aimed at establishing a revolving fund model for future business opportunities.
This initiative follows a recent donation of US$40 000 from prominent businessman Dr Kudakwashe Tagwirei two weeks ago.
Vendors’ 4ED patron, Mr Tendai Charuka, said the fund would also assist vendors in restocking.
Mr Charuka said the funds would be distributed in groups of five, allowing vendors to purchase the merchandise for resale and then repay the initial investment from their earnings, ensuring a sustainable, revolving fund model for future business endeavours.
“Also, we are working on models to ensure that the fund is not depleted but is always available for future generations. We are working on identifying land where we can practice horticulture and other projects to sustain the funds,” said Mr Charuka.
He said the funds will also enhance the business operations of vendors.
“With the promise of aiding each vendor in their entrepreneurial journey, this initiative is poised to foster economic resilience within the Bulawayo community,” said Mr Charuka.
He said such donations can help fund projects focused on areas like sustainable agriculture, renewable energy, waste management, and community development, ultimately contributing to a more resilient and environmentally conscious local economy.
“We urge companies that have corporate social responsibility (CSR) programmes to invest in sustainable development initiatives. They may offer grants, sponsorships, or partnerships to support projects aligned with their values,” said Mr Charuka.
“This can align with President Mnangagwa’s vision of attaining an upper-middle-income economy by 2030. Through his mantra of leaving no one and no place behind, this is achievable.”
Mr Charuka called on foundations to also assist in creating sustainable development projects, aimed at creating employment, particularly for the youth.
“They may have specific grant programmes for areas like environmental conservation, community development, or renewable energy. The thrust is to create employment for all, particularly the youths,” he said.
Mr Charuka said the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) are also providing funding for projects focused on sustainable development, especially those that tackle global environmental challenges, urging them to involve disadvantaged members of society.
“Local and national Government initiatives may also offer funding opportunities for vendors involved in sustainable projects. These may be in the form of grants, subsidies, or other financial incentives,” he said.
“Donations could support the implementation of sustainable farming practices, such as organic farming, water conservation techniques, or the use of renewable energy in agriculture.”
Mr Charuka said funding could enable the adoption of solar power, biogas digesters, or other renewable energy technologies for powering businesses or homes.
“Donations could help establish waste recycling and composting programs, reducing pollution and creating new economic opportunities. Funding could support initiatives that improve access to clean water, sanitation, education, or healthcare, contributing to overall community well-being,” he said.
Mr Charuka hailed Dr Tagwirei as a leading example of organisations that seek to empower communities.
“Large organisations or donors can identify groups whose funding priorities align with the specific needs of the vendors’ projects. By effectively leveraging these funding opportunities, vendors can implement sustainable projects that benefit both their businesses and the community as a whole,” he said.
