Capricorn Foundation supports pre-schools in informal settlements

20 August 2021 | Bankwese
Staff reporter



During the lockdown, Capricorn Group and its subsidiary company Entrepo Holdings, through their corporate social responsibility vehicle, partnered with Step out of Poverty through Education, Encouragement and Support (S.P.E.S.) charity to improve the lives of vulnerable children.

The impact of Covid-19 has exacerbated educational challenges across the country. This has put even more pressure on pre-schools in the informal settlements of Okuryangava, Havana, Hakahana, Otjomuise, Greenwell Matongo and Katatura, where S.P.E.S. charity operates. The charity has been involved in the communities for over 14 years and supports 25 informal pre-schools, nearly 1700 children, and 80 teachers. These children grow up in circumstances shadowed by multidimensional poverty, hopelessness, abuse and neglect. The pre-schools, usually reliable on sponsored resources, experienced a scarcity of resources for both children and teachers in the community. That is why the Capricorn Foundation has contributed N$240 000 towards the S.P.E.S. Charity Relief fund, strengthening the charity's capacity and supporting the most vulnerable community as they cope with the negative impact of the pandemic.

“During a season like this, the deepest core of humanity is revealed. We need each other like never before, and each act of kindness makes an enormous impact. We are deeply touched by the sponsorship from Capricorn Group and Entrepo that is strengthening our hands to support the children, teachers, and their families during this very difficult time,” said S.P.E.S spokesperson Esmé Coetzee.

The funds provided through Capricorn Foundation helped with extensive assistance with the physical and educational needs of the children and their families when the schools initially closed. The allocation was made through food parcels and supplies and home activity booklets for the children to complete.

“The Capricorn Foundation coordinates the Group’s corporate social responsibility programmes with the focus areas of economic advancement, education, health and vulnerability programmes. We will continue to do our best to help transform lives and show what it means to be Connectors of Positive Change,” said Thinus Prinsloo, Group CEO.

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