Thuthuka Stokvel is supporting Mtwanamba with seed capital raising of R500,000 in start-up capital.
A minimum investment contribution of R5000 per member is required. Limited to 100 stokvel members.
Members can expect an investment return of 15% to be earned per annum (for as long as the stokvel membership is maintained).
Where will the funds be invested:
During the first 6 months to be split between purchasing 6 VIP toilets, and running working capital.
VIP toilets will be rented out to funerals parlours at a rate of R3500 per funeral, for a minimum of 12 funerals per month. This will generate R252,000 in revenue, per month.
This will yield an annual net profit of R970,000.