During the year, the organisation has so much depended on foreign donors to fund most of its activities which is not a healthy situation for the organisation’s continued finacial sustainability.
Attempts have so far been made to ensure self sustainability of the organisation through the establishment of a commercial arm of the organisation called Business Incubation Initiative focussing on Entreprenuership Promotion especially among the rural youth and women.
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| Head of Department - Twinomuhangi Grace |
The commercial arm which will fully start operating by 2012 will among other things do consultancy work and research for both private and public sectors at a fee and the profits realised will be ploughed back to community development projects.
Fudraising activities are also being strenthened especially through networking, staff trainings in fundraising and ICT skills.
Time has also been allocated to conduct a thorough strategic plan for ToroDev for five (5) years from 2011-2017 and financial sustainability of the organisation will be high on the agenda.
Before, I conclude, I extend my appreciation to Stem Van Afrika for the finacial support throughout the year to enable ToroDev smoothly implement the “Rural FM Radio Broadcasting for Entreprenuership Development in Rwenzori Region” project.
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