“Our investment helps female entrepreneurs to creatively activate the greater vision of their business by providing them with tangible and intangible resources” – RLabs Women
Junk.Fund raises capital through a crowdfunding platform that provides women entrepreneurs with access to capital
“Our investment helps female entrepreneurs to creatively activate the greater vision of their business by providing them with tangible and intangible resources” – RLabs Women
JUNK.Fund is an initiative that was started as an experiment at RLabs, where we wanted to know if staff would sacrifice having junk food and invest their money in an entrepreneur. We started inviting staff to invest in the fund using the money they would usually use to spend on junk food (fast food). This fund is used to invest in and to offer support to a new female entrepreneur each month. The investor (depending on the size of the investment) will have a chance to nominate an entrepreneur as a recipient. Funds are paid out monthly and the entrepreneur has to attend our SME Boost sessions with the Junk.Fund team. After successfully running this experiment over 3 months through increasing its capital investment (by not only increasing the number of investors but also the amount invested), as well as an increase in female entrepreneurs applying to be a recipient we decided to launch this initiative. Through this experiment, an additional project was birthed called: Give with a Purpose. This project encourages people to repurpose clothing or functional items as a donation to Junk.Fund. The items are sold for no more than R100 and monetary proceeds go the Social Project of the month. The items not sold are donated to a social impact project for further repurposing.
Junk.Fund sustains itself by retaining 20% of the income raised for support services to the entrepreneurs and administration.
Our final Date Night of the year took place last month. We had 3 ladies who became our latest beneficiaries for the month of November. Mischa and Millicent each won a cash investment prize from Junk.Fund worth R1000. Teri-lee Dilgee won a Wacom Drawing Tablet. These ladies were part of a Creatives Panel which was […]
We asked the team from Warm Belts to tell us a bit about themselves. Here is there story. Yive Gola: I am 25 years old from Khayelitsha Cape Town. I can describe myself as an extrovert because I am very passionate about life and people. I have obtained a higher certificate in Communication and Information […]
Give with a Purpose. This project encourages people to repurpose clothing or functional items as a donation to Junk.Fund. The items are sold for no more than R100 and monetary proceeds go the Social Project of the month. The items not sold are donated to a social impact project for further repurposing. If we find […]
Cakes and Bakes by Astrid aims to provide healthier homemade and confectionery bakes for any occasion. She creates these desserts for anyone, including diabetic-friendly and gluten-free. Astrid bakes for parties and events on weekends. She has been baking for 7 years but has officially been in business for 3 years. Share