What is the uMaStandi programme, and how does it support micro-property?
The uMaStandi programme is an initiative that offers support to micro-property entrepreneurs in South African Townships. It sets up micro-property businesses in the townships and provides training simulations to equip entrepreneurs with property management skills, including designing bankable plans, navigating construction challenges, and operating rental businesses.
What are the potential benefits of partnering with the uMaStandi programme?
Partnering with the uMaStandi programme offers several benefits for your company. It provides an opportunity to enhance your corporate social responsibility efforts by supporting a programme that directly addresses social and economic challenges. Additionally, it can help foster brand visibility, build positive stakeholder relationships, and contribute to the long-term development of South Africa's property sector.
How does the uMaStandi programme work?
The journey starts with a capacity-building programme where aspiring rental property owners go through an interactive property simulation programme where they learn about various concepts associated with the rental property business.
Once they’ve completed the online or face-to-face programme, participants go through a process of assessing their readiness to begin the process i.e. deposit, identified property, a title deed, house plans, etc.
What is considered a bankable project?
The uMaStandi programme ensures that all properties meet three criteria: the property has to be paid off, capable of covering operating expenses and service loans, and still be profitable.
Can we target specific townships or regions through the uMaStandi programme?
Yes, the uMaStandi programme is flexible in terms of geographic targeting. Your company can work with the programme to identify specific townships or regions where you would like to support micro-property entrepreneurs. This allows for a more focused approach that aligns with your company's goals and priorities.