Every graduate needs a ceremony
On 2 April 2015 the Euclid Society will be holding a graduation ceremony for the candidates who have completed our pilot programme, Financial Literacy, or "FinLit" as we like to call it.
The programme started in April 2014 when two candidates, RAW Plasterers and NK Security, were chosen to be the pilot students to the programme. Both were newly formed companies with the main management from impoverished backgrounds who knew the practical way of doing business but stuttered at contractual and governance related issues. Many businesses in developing communities struggle with these soft-skills and this is the knowledge transfer we as an organisation hope to achieve. By introducing candidates to management techniques that help them better control their daily operations, methods of book-keeping that better track inventory flow, offering possible marketing options to grow their business jurisdiction and other similar professional understandings, we have set the objective of improving the efficiency of how their business operates and ultimately make their enterprise sustainable.
Our newest candidate is Roberto from District Six Recycling. Our key focus with this is to create a definite client base and source long-term agreements for Roberto to recycle client waste and unwanted goods. This not only benefits Roberto who is from a low-income background, but also the homeless whom he has met during his work at the Haven Night Shelter. This urged him to offer employment to two homeless people at the Haven who help sort the waste he collects which achieves job creation for homeless. As his business sustainability improves, he hopes to give the same opportunities to similarly destitute people that he is able employ.
We hope the evening can be a showcase of what is achievable when concentrated and technical approaches are taken towards the establishment and sustainability of a professional low-income business sector. We wish our previous candidates well and look forward to what they, and future candidates, will achieve in the years to come.