HomeBusiness DigestFML raises $225m for orphans project

FML raises $225m for orphans project

Conrad Dube/Ndamu Sandu

FIRST Mutual Life (FML) corporate communications executive Ruth Ncube says more than $225 million for the implementation of the first phase of the Orphan Care Pro

ject has been raised.

Of the $225 million, FML contributed $50 million, World Vision $75 million while Jet Trust injected the difference. The foundation is targeting to raise $500 million this year.

Ncube said the project, an offshoot of the First Mutual Foundation launched Wednesday, would focus on orphaned children in targeted Area Development Programmes (ADP) in conjunction with World Vision Zimbabwe and Jet Trust International.

“Ten thousand orphans countrywide stand to benefit from the first phase of the First Mutual Foundation. In line with our strategic corporate citizen’s objectives, the foundation’s broad objective is to contribute meaningfully to the well being of the community of Zimbabwe,” said Ncube, who is also a trustee of the foundation.

The rationale of the foundation, according to Ncube, is to establish a trust within Zimbabwe for the purpose of receiving donations to be used “for the social and economic contribution towards growth, development and prosperity of people and communities of selected citizens”.

The Orphan Care Project would be implemented with the arms of government, schools, clinics and communities.

The project will actively network and correlate with stakeholders in the entire project cycle to ensure effectiveness and sustainability.

World Vision programme officers would be responsible for networking with stakeholders in the project cycle.

Organisations such as Village Aids Committees, District Aids Committees and the Department of Social Welfare will be involved in the project to ensure the continuation of the support after the project funding ceases.

Ncube said a six-member board of trustees, which includes FML chief executive Norman Sachikonye would ensure total compliance and programme effectiveness.

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