14 June 2021 Sustainability

The Faith Foods Distribution initiative to assist COVID-struck communities

The COVID-19 pandemic and public health measures to slow or stop the spread of COVID-19 have led to many different types of losses- the loss of loved ones, social support, and income. BC Funding Solutions and Sectional Title Solutions (STS Group) have partnered with Faith Foods Distribution NPO (FFD) to alleviate the impact of the pandemic on the broader South African community through financial assistance, food and care packages.

FFD is a Non-Profit Organisation that is grounded, not only in economic realisations for the poor, but also in the belief that each person has inherent dignity and worth. A nation should be best measured by how they treat the less fortunate in times of turmoil and alleviating poverty should form a large part of our national heritage. The FFD initiative reflects what is best about South Africa and inspires compassion in us all. BC Funding Solutions has committed to this intervention. The initiative is open to the public and will continue to assist a lot of people even post the pandemic.

To date FFD has:

  • Assisted approximately 25 families to the value of R673 860.66;
  • Participated in a blanket outreach to the value of R7 200.00 donating 32 blankets;
  • Distributed masks to the value of R8 000.00;
  • Delivered groceries and art supplies to 20 foreign national families in a Shelter in Orange Farm;
  • Fed a total of 65 people (35 of them children) every day for a month at the Footprints PLAY home;
  • Donated, in support of Mandela Day 2020:
    • Round Table Sandton for The Family Africa to the value of R10 000.00;
    • Round Table Florida for Divine Mercy House to the value of R10 000.00;
    • Woodside Sanctuary to the value of R10 000.00.

BC Funding Solutions is devoted to making a real impact and improving the social, economic and environmental well-being of the national community by being a responsible corporate citizen with a strong focus on sustainable development. “A big focus for the STS Group has been adopting initiatives that will make South Africa a better place for all communities by supporting them through social investments. The pandemic has impacted our lives in a myriad of ways. It has taken a big toll on wage earners, the homeless, business owners and the underprivileged. “This initiative by FFD, delivers assistance to those in need in a meaningful way.” says Justin Mason, Chairman.

The ripple effects of the pandemic will be felt long after it has ended, many people have lost loved ones, employment, ways of life that bring comfort and access to basic necessities. In the plight that is the COVID-19 pandemic, we are reminded that kindness goes a long way. Our compassion will make us strive as a nation.

"It is in your hands to create a better world for all who live in it." – Nelson Mandela

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BC Funding Solutions

BC Funding Solutions is a trusted leader in providing private credit solutions to Community Schemes across South Africa. With a legacy built over decades, BCFS has established enduring relationships and a reputation for reliability and excellence. We cater to both retail and institutional clients, offering innovative and sustainable funding solutions that drive long-term value.

Disclaimer

This article is provided for informational purposes only and does not constitute financial, legal, tax, or investment advice. The views expressed are those of the author and do not necessarily reflect the views of BC Funding Solutions (Pty) Ltd or any of its affiliates. Nothing in this article should be interpreted as an offer, recommendation, or solicitation to invest in any financial product or structure.

Lending to community schemes and the recovery of arrear levy debt are not regulated financial services under the Financial Advisory and Intermediary Services Act No. 37 of 2002 (“FAIS Act”) and do not constitute the promotion of a financial product as defined by the Financial Sector Conduct Authority. BC Funding Solutions (Pty) Ltd is a private entity that facilitates loans to Community Schemes and is not a licensed financial services provider.

The examples and return figures referenced in this article are provided for illustrative purposes only. Past performance is not a guarantee of future results. Returns quoted are indicative, unaudited, and may be affected by market conditions, legal developments, liquidity, or other operational factors. No assurance is given that any future investment or lending opportunity will achieve similar outcomes.

Readers are strongly advised to consult with a qualified attorney, tax advisor, and/or financial planner before making any investment or lending decision. Any consideration of an opportunity involving community scheme lending should take into account the legal framework, potential risks, liquidity profile, and personal financial objectives of the individual or entity concerned.

BC Funding Solutions (Pty) Ltd does not provide tax or financial planning advice. Individuals should consult with appropriate professionals regarding the tax and regulatory implications of participating in any form of private lending or credit facilitation. Click here for full disclaimer.

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