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Applications for funding are invited from communities, government departments, transaction advisory teams and or investors.
A cooperation agreement is signed with the community setting out the basis of the relationship between the community and Vumelana.
A transaction advisory team is contracted to structure an agreement in terms of which the community makes the land available and the investor undertakes to finance and manage operations.
The transaction advisory team procures proposals from potential partners which show how the land will be developed to create jobs, income, skills and other benefits for community members.
Once an agreement is signed, the investor reimburses Vumelana for the costs incurred by the transaction advisory team in putting the deal together.
The reimbursed funds are used by Vumelana to finance the support to the Community Property Institution for a period of up to two years.
