By: Tebogo Mokwena
Faith Khosa’s passion for financial literacy and imparting knowledge to others led her to provide training and education for young people to prepare them for employment and entrepreneurship. Khosa opened Impact Education in 2018. It is a skills and training institute that provides workshops and short courses in business management, office administration, data capturing, merchandising and petrol attendant courses.
The institute is based in Giyani, Limpopo, and offers hybrid training sessions. It also works with the National Youth Development Agency told train people on how to apply for funding, after which they are also given assistance. Khosa said that the institution was founded after she saw how Limpopo-based people travelled to Gauteng to attend these kinds of courses.
Building generational wealth through family businesses
Celebrating Five Years of Empowering SMMEs
An exclusive event for entrepreneurs
by Vutivi Business News
She also noticed that there was less focus on entrepreneurship education in the area, and wanted to empower people through education. “All of our facilitators and assessors did facilitation and assessor courses and obtained the relevant accredited certification in order to teach learners,” Khosa told Vutivi News. Khosa said that the business was founded from her own pocket.
Khosa told Vutivi News that her drive to help people did not end with Impact Education, as she also has an insurance company, Prompt. “It’s very important for people living in rural areas to have funeral cover because they do not qualify for loans from banks, and as a result, they depend on loan sharks when a funeral takes place,” she said. “They have expressed how the funeral cover we provide has eased their burdens, and how it makes things easy for them during those traumatic days.” Prompt provides funeral insurance which offers up to R20,000 in coverage.
Their services are available to individuals and families, and their offices are also based in Giyani. Prompt was founded in 2021 and Khosa said that it was surprisingly easy for her to get customers. “It became easier for us to get customers because I would talk to people I knew and people I grew up with, and they would express interest in getting funeral insurance,” she said. Her next plans are to grow Impact Education, which could include opening branches nationally.
