Who Will Support Us?

There are four tiers or levels of financial support envisioned by our program.
However the first question is: Why would a company or institution sponsor or
donate funds?

The Incentives are:
o product & brand placement and promotion
o CSR (corporate social responsibility)

Who will provide financial sponsorship or organizational donations?

Tier One:Drum and musical equipment manufacturers
Tier Two: Prominent socially responsible corporations
Tier Three: Large multi national corporations
Tier Four: Microfinance sector investment and support (intermediaries) entities
from both civil society and the private sector investment firms.

Our development plan will detail the specific strategies and tactical approaches
for all of the above. Our pre Telethon sponsor development target is
$250,000 USD in cash or, in-kind donations

How Will the Event be promoted?

It is important to realize that our program will be tied closely to our
sponsor development effort. Our initial task will be to launch a sponsor
program for tier one. This will start with known equipment manufacturers
who have existing sponsor programs in place. We will conduct this
through our network of professional musicians presently under sponsorship.

As mentioned above, our initial effort will be through the creation
of a social media presence on all the popular sights: Facebook, Twitter,
etc including social entrepreneur sites like “Business Fights Poverty,” and
“Development Crossing.” These efforts will be tied to our website titled:
African Drums, etc.

How Will The Finances be Managed?

The President of MVS is former Financial Officer with The Grameen
Foundation USA and a Certified Public Accountant. All funds will be under
her management and will fully comply with the US Internal Revenue
financial reporting standards. Furthermore we have a full-transparency
policy that provides for open books to all who inquire. Cash distributions
will be discouraged and all transactions amply documented.

While details of the financial relationship between and among the parties
have yet to be established, our present position is that a traditional and
customary percentage will go to overhead in accordance with standard
accounting practice, operating expenses (to be open and public) will be
deducted. The remaining funds will be distributed within 60 days of the
event. Percentages may change but our current thinking is that a sum
equaling 5% of net operating proceeds will go in a fund for indigent
musicians of the early days of rock’n roll.

This will help support this much appreciated group and provide incentive
to the professional to donate their support to our cause. The balance
will be divided according to a mutually agreed upon distribution plan
created by the following:

1. MicroVenture Support
2. Microfinance Focus Magazine
3. The Global Micro Credit Summit
4. Jamii Bora Trust

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