The Financial Literacy and Micro-Enterprise (FLAME) Programme by the ASISA Foundation has been of great benefit to over 1,500 businesses in South Africa’s township, peri-urban, and rural communities. The ASISA Foundation is a non-profit organisation that offers financial literacy programmes to South Africa’s most vulnerable groups.
The FLAME Programme empowers entrepreneurs by teaching them how to manage their business finances, develop new business strategies and expand their businesses by accessing new markets. Additionally, business owners are taught good personal and business financial habits that can help them achieve financial success. This programme offers a combination of in-class training workshops coupled with individual coaching to ensure the practical application of the learned concepts.
“The ASISA Foundation is thrilled to announce that the next FLAME cohort will be held in the Garden Route District. During a recent programme hosted in Hermanus, we observed an average growth of over 70% in both revenue and profits of the Incubated businesses. Furthermore, the cohort was able to support over 130 jobs. We are excited at the prospect of empowering local SMEs to grow their businesses, which will not only stimulate the local economy but also create more jobs within the Garden Route district” says Sibusiso Sagoda, FLAME Programme Manager.
As a programme tailored for grassroot entrepreneurs, the content and support provided is made relevant to their specific needs. Inga Mfundisi, a former FLAME Hermanus participants shared “As someone who has only been in business for a year, I had a lot to learn and grasp. Through the programme I was able to learn more about financials of my business, how to really ensure that I am profitable in the long run and most importantly be sustainable as well as the compliance aspect which I never knew about such as registering on supplier databases and all the other compliance that comes with being a small business.”
Applications to the programme Open 3 June and close on 26 June 2024.
Information Sessions will be held in the following venues:
Mossel Bay Information Sessions
18 June 2024
09:30 D’Almeida Community Hall
12:30 KwaNonqaba Community Hall
19 June 2024
09:30 Thusong Centre (Asla)
12:30 Groot-Brak Community Hall
George information Sessions
20 June 2024
09:30 Thusong Centre, Thembalethu
12:30 Pacaltsdorp High School, Pacaltsdorp
21 June 2024
09:30 Wilderness Church, Wilderness
12:30 Uniondale Civic Hall, Uniondale
In addition to the information sessions, interested parties will also have an opportunity to apply online: https://forms.office.com/r/XHxRkULAaQ
For information and questions, please contact : flame@kamvacapital.com or WhatsApp: 083 697 4125
PROGRAMME REQUIREMENTS for SMMEs:
- Black South African citizen (African, Coloured, Indian)
- operating for at least 12 months
- Completed Grade 12
- Individual income of less than R28 500 a Month
- Business revenue less than R1 Million per Annum
Invitation to Local Small Businesses:
Local SMMEs are invited to be part of the ASISA Foundation’s FLAME Programme (Financial Literacy and Micro Enterprise). This is a 15-Month hands-on programme for micro business owners looking to understand personal and business finances and gain business knowledge to manage and grow their businesses.
