For several decades, NGOs have relied on international donor funding for their financial sustainability. However following the economic crisis that took place in 2008/2009 and its spillover effects on the global economy in general, access to grants has been very limited and challenging. Well-established NGOs are equally finding it difficult to raise enough funds to sustain their projects and programmes. Smaller local NGOs are the most affected as they lack to capacity to compete and access the limited grants funding opportunities available. It has therefore become very necessary for NGOs to find alternative means to raise funds for their initiatives other than relying solely on donor grants funding.
Local resource mobilisation is necessary locally established NGOs to survive and thrive. Many NGOs have been registered, but for lack of resources many of them are virtually doing nothing in their respective operational territories. Someone refers to those dormant organisation as Nothing Going On (NGOs). Continuous cash flow through sales is necessary for the survival and success of for-profit business whereas continuous fundraising and resource mobilisation is paramount to the success of non-profits.
There are several ways by which startups and established NGOs can mobilize resources and raise funds to run their initiatives. In my subsequent post, I will share some of this options for the benefit of social change makers. When NGOs have enough resources, they can help solve many problems that the government and private setors are not able to solve and make the world a better place.