FLAME

APPROACH

FLAME 1.0 was a three-phased programme and all participants started off with Phase 1. Those who were interested were invited to participate in Phase 2. Those who completed Phase 2, and were successful in their pitching for seed capital, were invited to participate in Phase 3.

  1. Phase 1 consisted of five face-to-face, interactive workshops where important financial literacy concepts such as budgeting, saving, understanding interest, and debt management were covered. A soft skills component intended to help participants build their self-belief, complemented the financial literacy modules.
  2. Participants who wanted to advance onto Phase 2 were invited to the micro enterprise bootcamp, which ran over 10 weeks. Weekly, interactive face-to-face workshops covered basic concepts to start up or grow a small business. Concepts covered included understanding your customers, costing your product, marketing, and pitching for funding.
  3. Participants who completed the bootcamp pitched their business or business idea to a panel of judges for a limited amount of seed funding and successful candidates were invited to embark on a nine-month incubation programme (Phase 3).

FLAME (FIRST ITERATION)

The first Saver Waya Waya Financial Literacy and Micro Enterprise (FLAME) programme was targeted at members of the National Stokvel Association of South Africa (NASASA) and community members. They were reached through the Department of Social Development and co-operatives in Hammanskraal, Soshanguve, Garankuwa and Rustenburg in the Gauteng province.

The aim was to empower participants to improve their financial wellbeing by coaching them about financial literacy and to offer interested participants an opportunity to learn the basic business skills to start up or grow their own businesses. FLAME 1.0 commenced roll-out at the end of September 2016 and concluded in 2018.

Click here to access our FLAME 1 programme catalogue.