Best Ideas 2021 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Published on July 8, 2021 um 09:05
Explain your idea in details:
The main objective of Ubuntu Shareholdings is to create a stable source of capital or passive income for the widows and orphans in child headed households at district level. There are businesses with huge returns in our localities like hardware shops or money lending firms. With support from well wishers such businesses can be established by being subsidized then part of it be paid for by the beneficiaries through buying of shares. The more shares they buy in Ubuntu Shareholdings the more capital will be injected into the business and the more the rewards to support their education and agricultural activities including running of small scale businesses. Any emerging widow or child headed household is eligible to join through buying of shares.
Expected impact of your idea on sustainable development
I feel the idea will have a great impact to the targeted group as well as the surrounding environment. Instead of waiting for support from donors on such issues all the the time, this idea will offer a permanent solution. Households will have permanent source of passive income that will enable them to always have farm inputs, school fees for the school going children and capital for their small scale businesses. Part of the profits will have to be used to establish woodlots to achieve the relational form of personhood to other living things as stated in Ubuntu Philosophy on which the idea comes from. Achieving this will mean offering some permanent solutions to issues of hunger, poverty, access to education as well as combating climate change. Success will be achieved with improved livelihoods, access to education, establishment of small scale businesses and woodlots by all the shareholders.
Plans for implementation and sustainability
In it's pilot phase the project will have a small catchment area where the targeted beneficiaries will be selected. The business has mainly depended on availability of some start up funding and money realized through the buying of shares by the beneficiaries. My duty will be overlooking the whole process to ensure that there is a healthy cash flow. Sustainability will be through reinvestment of part of the profit into the business plus resources realized through buying of more shares by the beneficiaries. Audit reports will be made available to the beneficiaries at an agreed period. The project will also need support from some government departments to make sure we are guided by its policies and for the sake of transparency.
I am now 34 years old coming from the Northern part of Malawi. I have had a difficult back ground whereby parents could struggle even to find food for the day. My education was left in the hands of well wishers. Now working in the department of Social Welfare as an intern l see how orphans in child headed households and widows suffer to meet their daily needs. Through cash transfer programs some people's livelihoods have changed but this is only for a short time hence l have thought of coming up with a permanent solution to the problem. The Ubuntu Shareholdings will take the place of the lost African traditional village or extended family. I have a degree in Philosophy, a certificate in Primary Teacher Education and basic training in Finance Management. All this was achieved though hard work and support from well wishers.
Stage of Idea