Ukwanda Innovative training & Projects

BackgroundAfter working with different schools around the Area, Tembisa and the surroundings we realized that most of our clients are using different Banks at a very high interest rates p.a.

Bank D

Bank A

Bank C

Bank B

CAPITEC

High Income Earners receive Better Banking Rates & Personalised Services

• Ukwanda would like to propose FNB to design a similar affordable solution (product) for schools;

• Low rates for transactions;• Personalised Banking Service for schools. ( Business Banking as provided to High Income earners from 300p.a.)•Fixed interest on savings from 6 months upwards;• Personalised financial advisor to ensure schools manage their cash flow effectively and not run out before the year ends while exploring other forms of investments to ensure the schools are more self sustainable.

Our clients are keen to work with us provided we give them a good deal.

-Low interest rate on charges- Attractive interest rates on savings

We have clients that are managing a budget of R1m – R2.5million up to six months in their accounts without accumulating any interest.

-What is the Bank doing for them in return. (CSI projects). - Most of our clients wants advice on available investment opportunities that would suit their needs. ( Details to be mentioned on agreement)

According to our Research. So far most of our clients are aware of the high rates they are paying on different Banks.

By offering an affordable Banking solution would results in them switching to another Bank.

Ukwanda has spotted this opportunity and would like to propose a working relationship with the FNB Bank by selling affordable solutions that would attract many school.

We are looking at piloting this project with about 70 schools since we have established a good working relationship with them. The first project has a potential of accumulating R80-R90 million in Rands pa.

Long term GoalWe intend rolling this project around Ekurhuleni Metro, first targeted District has 210 schools, then Soweto and eventually the whole of Gauteng and Nationally.

School

Suppliers

Parents

community

Ukwanda acknowledges schools as part of the whole community. Therefore we have put into place a plan and strategy on how we could market other products offered by the Bank on the above mentioned stakeholders.

This project has multiplying effects as it can be able to pull in Teachers, Parents and Suppliers.

Relationship and Experience: Ukwanda has accumulated a lot of experience in dealing with public schools in General. We fully understand the systems put by the Government within the school environment and we have a very rich relationship with the schools in the Area.

Time Constraints: This is an advantage to us. As a small business we do not have time constrains as some of the meetings will take place in the evening when there’s a need to address Parents (the School governing body).

Ukwanda proposes a five year Service Level Agreement with the Bank. Our main engagement would be as follows:

• Sustain a relationship with the client on behalf the of Bank.• Encourage schools to fix deposit a certain amount of money. (minimum R50 000.) over six months, this to be decided by the Bank.• Continue to find loop holes that could be found and used by the competition.

Fees: Ukwanda would propose a fixed commission of 5 % per client brought in.

Contact Details : Siphiwe 073 501 9151

Business that makes the difference