The SECOND ECONOMY
Proposal for the Generation of CAPITAL for Community Based Co-operative Projects
-
Projected Cash Flow Per Member per month
JOINING FEE
SMARTCARD =
Membership
R 50.00
[Once off]
10% Founders
10% Agents
80% Capital
Fund =
R 40.00 CBDF
STOKVEL
CONTRIBUTIONS
R 10 - R100
Monthly
Average Contribution
R 30.00
10% CBDF
90% StokvelSMARTCARD TRANSACTIONS
Monthly
1. Average Shopping R 500.00
Stokvel CBDF Deposit [1%] R 5.00 Discount [5%, 30/70] R 7.50 R 17.50 [50% of 10% discount= 100%] 2. Stokvel Contributions. Average [R30.00] R 27.00 R 3.00
TOTAL: R 34.50 R 25.50
TARGETED MEMBERSHIP [Accumulated]
First Year 6 000 Second year 6 000 + 18 000 Third year 24 000 + 30 000 Fourth year 54 000 + 46 000 = 100 000
Community Based Development Fund [CBDF]
Ideal position in Fifth Year with 100 000 members[Accumulated Funds + Interest + Transactions excluded]
- Capital Available for Macro Co-operative Projects + Central Admin
Joining Fees @ R 40.00 R 4 000 000.00 Income in fifth year R 25.50 X 12 X 100 000 R 30 600 000.00
Total: R 34 600 000 + 50/50 Partner + BEE Government = R 103 800 000.00
- Loans Available for Projects where Property for Co-operative Enterprise is involved. [R 5 000 becomes a share in the enterprise]
Soft loan from Stokvel Fund or Security for loan on Property e.g. RDP House worth R 5 000.00 per share involving 25% of total membership.
Total R 125 000 000.00 + 50/50 partner + BEE Government = R 375 000 000.00
- Total available for Macro Development = R 478 800 000.00
Stokvel Fund.
Ideal position in Fifth Year with 100 000 members[Accumulated Funds + Interest + Transactions excluded]
Income in fifth year R 34.50 X 12 X 100 000 R 41 400 000.00 Available for soft loans via StokveL Groups or eventual shares in Co-ops
To make the full document more accessable the full index of Poor Man's Capital is repeated below:
CONTENTS: [Revised January 2006]
- For the Executive: a brief Paraphrase
- THE POOR MAN’S CAPITAL - The Bridging of the Gap - A Proposal -
- Second Economy: Proposal for the Generation of CAPITAL
for Community Based Co-operative Projects
- An Agenda for Discussion
