POVERTY ERADICATION THROUGH INTERNET ENTERPRISE DEVELOPMENT.

POVERTY ERADICATION THROUGH INTERNET ENTERPRISE DEVELOPMENT.

Zimbabwe
Organization type: 
nonprofit/ngo/citizen sector
Budget: 
$1,000 - $10,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

The proposed project will use the power of technology to create employment for the target beneficiaries. YOZED is an online virtual tool where people can sell and advertise their products and goods. The initiative will allow low income peoples and community groups to sell and their products online.

About You
Organization:
SSTAR PROJECT TRUST
Section 1: About You
First Name

BUSANI

Last Name

SIBINDI

Website
Country
Section 2: About Your Organization
Is your initiative connected to an established organization?

Organization Name

SSTAR PROJECT TRUST

Organization Phone

+263 915 521 927

Organization Address

BOX 879 FAMONA

Organization Country
How long has this organization been operating?

1‐5 years

Your idea
Country your work focuses on

, BU

Innovation
What makes your innovation unique?

First of its kind in the region and perhaps the whole country. With technology moving fast in the country most people will be able trade on the internet. This site will give a chance to all market players including small to medium enterprises. With virtual business the market is generally accessible to anyone especially buyers. Also start- up projects will advertise their products at almost no cost at all. This will support start- up projects which usually do not have much operating capital and will make it easy for them to trade at no cost. Not only will this develop new products it will also make sure that they survive critical business needs like constant cash flows.

Do you have a patent for this idea?

Impact
Tell us about the social impact of your innovation. Please include both numbers and stories as evidence of this impact

Yozed is still in its start-up phase and to demostrate impact in the business community. It has however been able to reach out to its potential beneficiary groups who have taken the invitation to participate in the programme very well. Currently still under constant design and modification the website has already lured a few advertisers. At the recent trade fair period which ended on the 24th April 2010. We discovered that most start-up and small projects do not have access to major trade conferences and shows as they do not afford or meet the basic requirements. As such the organization has stepped out to the street to call for small start- up projects to send in their products for selling.
It will however take more time patience and resources to fully get results from the idea.

Problem: Describe the primary problem(s) that your innovation is addressing

The innovation is addressing sustainability and poverty eradication. Most market trade is biased towards established and more seasoned enterprises. This generally means that the poverty cycle is very hard to break relating it to the market trends. In general terms the project seeks to eradicate poverty by giving out an market opportunity to deprived projects giving them equal market exposure through virtual commerce.

Actions: Describe the steps that you are taking to make your innovation a success. Include a description of the business model. What might prevent that success?

Already the site where all the market will meet sell and buy their products has been developed and hosted and will continue to face development and upgrade to be a fully functional site. Offers have been announced for small and start-up projects and poor individuals will be able to sell their products at a very affordable rate. The business model will allow customers to meet with business at the convenient and most easily accessible place. Even a vendor who usually sells his/her products on a street corner will be able to meet a buyer who buys from a prestigious shop or grocery store. The success of this model solely depend on time and resource investment. It needs highly passionate team members who are dedicated to changing the general consumer buying habits from direct buying to the easily accessible virtual system. Lack of proper resource investment might also hamper growth and success of the initiative.

Results: Describe the expected results of these actions over the next three years. Please address each year separately, if possible

Most small start- up projects will have access to a wide unlimited consumer and customer market.
Poor people will be able to sell and do business without having to struggle and fight complex market huddles leveraging their post start-up phase.
The developed virtual market place will have different players from all different parts of the economy.

How many people will your project serve annually?

More than 10,000

What is the average monthly household income in your target community, in US Dollars?

$100 ‐ 1000

Does your innovation seek to have an impact on public policy?

No

If your innovation seeks to impact public policy, how?

Approximately 150 words left (1200 characters).

Sustainability
What stage is your Social Enterprise in?

Operating for less than a year

Does your organization have a board of directors or an advisory board?

Yes

Does your organization have a non monetary partnerships with NGOs?

Yes

Does your organization have a non monetary partnerships with businesses?

Yes

Does your organization have a non monetary partnerships with government?

No

Please tell us more about how partnerships could be critical to the success of your Social Enterprise

Partnerships do not only provide network opportunity they also provide growth of any enterprise. All our partnerships will at one moment or the other bring about either technical or financial support. They are important for reaching out to more supporters and players.

We would like to learn more about how your initiative is financially supported. Please explain your business plan/revenue model

The project does online advertising for all companies and projects. For well established companies the project charges monthly subscriptions and/or price per advert. Yet for less established and new enterprises the project offers per purchase charges. Onwers of new enterprises pay for services after their businesses have earned revenue from the site. Projects owned by struggling poor individuals are not charged up to until a time they have reached profitability stages.

The Story
What was the defining moment that led you to this innovation?

As a poverty organization which was still in its start -up phase we were facing many chanllenges in our organizational monetary obligations. It was then that we decided to start a venture by using the skills that we had within the organization. After the launch of the program we realized that we can better serve the community that we work with especially the less priviledged that we usually train and then we advanced our idea from being just an advertising site to an interactive market place.

Tell us about the person—the social innovator—behind this idea.

SSTAR PROJECT TRUST is a poverty eradication project, it is managed by young people who were once exposed to extreme poverty. It is currently directed by Busani Sibindi and chaired by Dumisani Sebata the top administrators of the project have been working together in the project bringing about growth to the new initiative.

How did you first hear about Changemakers?

Web Search (e.g., Google or Yahoo)

If through another source, please provide the information