The second meeting of Manovsis Management Committee was held at konkan Bhavan, Kalyan Nagar, Bangalore on 22 Feb 2020. The following members Velu, Ponnappa, Arun Fernandes, Babu Jose, Elias.The meeting aimed at finding out ways and means of raising funds towards affordable housing (enrich+empower+excel). fr. Babu Jose was a special invitee and a mentor to the Leadership team of the company. Elias presented a short PPT that focussed on fund raising, namely on whom to ask, how to ask and how much to ask.
The meeting focussed on the following points
1. Area & Land Identification around bangalore
2. Proposed Model and its cost factor
Exploration of Funds and strategies to tap funds from agencies (fr. Babu Jose)
Highlights of fr Babu’s inputs
- It requires a dream to meet the reality
- We are agents of change, who bring smile back on the face of the poor and bridge the socio-economic gap that exists in the society
- As value centric business people, we take the road less traveled in business, namely to make impact than mere profit…so why not think that this is the best way to start
- The keys to fund raising is to sell the vision and focus on the ‘power of now’
- It is important to plant the tree by running streams for tree to grow and bear much fruit, like wise, it is important to align with the likeminded people who have a heart for justice to yield better results
- Ask yourselves, what if you don’t do this? The answer is very simple, many will be without roof over their heads
- The funders look at one aspect, namely, that the money given is properly utilised. In your case, you are enabled with the giftedness of three charted accountants, who will know how to utilise the money, and that you are not using the money, but regenerating it for more impact in the society. So the question now should be “if not now, then when”
Expectation from funders
fr. babu said the funders look for three major criteria in every project namely – is the project relevant? Is the project sustainable? and is the project feasible?
Relevance of the Project – the magnitude of need itself is the fact that points to urgency of the project
Feasibility of the project – feasibility of the project is judged by possession of land, the know-how of the project construction, necessary capability, Govt support such as Pradhan Mantri Awas Yojana (PMAY) etc
Sustainability of the project – creation of the return on investment and impact means the money given once is used multiple times for creating and multiplying the number of units of the project
The meeting came to a close at 1 pm