We are exploring ways of delivering our mission in a business-like way by transiting from a pure donor funded NGO to a social enterprise. We will blend writing activities for grant funds with for-profit basic education ventures.
|Why LABE wants to do this
Having a strong fund base provides LABE with the ability to support our mission, invest in priorities we have identified and achieve our goals. To date LABE has no revenue-generating activities to enhance the growth of the organisation, yet without money, there is no mission. The existing donor-funding environment has become increasingly competitive. Having been in existence for over two decades, it is now time to develop a commercial mindset to enhance our social mission. This necessitates engaging in sale of LABE products and services for making profit while delivering basic education services as a social good.
|Action areas/how will we achieve this?
• Enhance our fundraising and grant writing efforts
to source funds from current donors and for
securing additional funding commitments from
• Develop and implement a capital reserve policy
to ensure our reserves are appropriate to our
• Set up business units to reduce costs of
supporting our projects while increasing overall
recovery of project expenditures from secured
• Establish partnerships with private business firms
which offer corporate social responsibility funds.
• Start an innovative new pilot social venture in
local languages publishing and community radio
broadcasting as revenue-generating sources.
• Secure LABE’s home