News in South Africa
OLF Vendor Model Launch
OLF Vendor Model Project
Khayelitsha, Cape Town
“My Business, my hope”
17 Children from Khayelitsha, Cape Town have new hope for the future as they start their own businesses.
On Monday 19 May 2006, the US Ambassador, Mr Eric Bost will congratulate the first class of the OLF Vendor Model Project in starting their own businesses. One of the Vendors, Nwabisa Msebe, 17 commented “This project has shown me the challenges of business. I’ve seen so many things and learned so much, so I will be prepared one day to start a business of my own.”
The OLF Vendor Model Project emerged from a partnership between the U.S. President’s Emergency Plan For AIDS Relief (PEPFAR) USAID/ Southern Africa USAID, Coca Cola (Peninsula Beverages) and the OLIVE LEAF Foundation. This sustainable livelihoods initiative was piloted first in Ethiopia by USAID and then adapted in Cape Town, South Africa during May 2007. The initiative not only intends to generate vital household income for vulnerable children, but more importantly seeks to build sustainable financial management, business and entrepreneurial skills among the community’s most at-risk youth. The project addresses and facilitates the social impact of bringing money into a destitute family by enabling the child to negotiate ownership through contributing to the household and saving for their future as well as issues of safety by paring Vendors.
The first team of vendors started their business on December 24, 2007 at Khayelitsha’s community swimming pool. Despite several initial challenges, the project is off to a promising start with 17 vendors, and aims to enrol up to 40 vendors from the OLIVE LEAF Foundatione’s Children and Youth programmes by mid-2008. The OLIVE LEAF Foundation (OLF) is a Non-Governmental Organisation whose purpose is to enable sustainable community development across Africa. Over time, OLF plans to slowly phase out its level of involvement with the vendors, so that they may be self-sustaining and build their businesses on their own. The project has received support from the City of Cape Town Sports and Recreation Department, the UCT Graduate School of Business as well as Standard Bank, Khayelitsha.
Xolisa Kwinana, 16 “When I count the money with my business partner, I see myself counting money with a computer at a big company one day!”
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