Fundisa July 17, 2008
Posted by marcashton in Uncategorized.Tags: ACI, Children, CSI, CSR, Education, Fundisa, Nedbank, Post Office, Standard Bank, STANLIB
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I only learnt about Fundisa today, but I think its a brilliant and AFFORDABLE CSR / Corporate Social Investment project for ordinary South Africans to get involved in.
Basically the Department of Education and the Association for Collective Investments (www.aci.co.za) have gotten together to put together a system where people or businesses can sponsor a childs education for as little as R40 per month.
As your savings in an account are built up the partners involved in the project will then contribute a bonus amount for the savings meaning that it will compound the savings you are making upfront.
You can either nominate a learner (anyone up to 35 years old) or you can adopt a learner from the programme.
It’s important to remember that the system is built along the lines of an investment - the earlier you start, the greater the value that will have accumulated when your elected child will need the funds.
With so many South Africans craving a quality education, here is a seriously effective way of raising funds for them. Already the model has been viewed with envy by other foreign countries and it is highly regarded because the funds that are raised are ONLY used for the purposes for which they are intended rather than squandered by learners who suddenly find themselves with a cash pile.
If you would like to make a donation you can go into any Standard Bank, Stanlib or Nedbank and ask for the relevant forms.
For more info - check out their website - www.fundisa.org.za
(Sponsor Link: assetant.co.za)