SA’s DigsConnect banks $200k grant from Dell Basis to help low-income college students
South African scholar housing market DigsConnect has secured a ZAR3 million (US$200,000) grant from the Michael & Susan Dell Basis to assist college college students from low-income backgrounds safe protected and reasonably priced lodging.
Launched in 2018, the DigsConnect platform permits landlords, property brokers and property managers to publish their property listings, with college students then looking out and filtering by way of these listings to search out lodging that fits their wants, and in addition discover different college students to dwell with.
The startup, which raised ZAR12 million (then US$830,000) in March 2019, has taken in ZAR5 million (US$330,000) in capital this 12 months. ZAR2 million (US$130,000) got here from an angel investor, whereas the Michael & Susan Dell Basis has supplied a ZAR3 million (US$200,000) grant.
On account of this partnership, DigsConnect is rolling out an initiative referred to as #1000digs, a specialised programme to help NSFAS and bursary-funded college students in South Africa searching for lodging. This help consists of hands-on assist from their crew and a brand-new devoted authorized assist line for these college students, lots of whom, upon signing their lease, will probably be coming into into their first authorized settlement.
The Dell Basis is devoted to enhancing the lives of youngsters residing in city poverty internationally. Headquartered in Austin, United States, with places of work in New Delhi, India, and South Africa, the inspiration funds programmes that foster high-quality public training and enhance the financial stability of households residing in poverty.
“Secure and reasonably priced lodging are important to a profitable college expertise. Nevertheless, the lack to search out acceptable housing creates further obstacles for college kids who’re already managing new uncertainties in college life. The partnership with DigsConnect additional permits college students to be built-in into supportive communities whereas away from residence, creating alternative for them to concentrate on and succeed of their research,” mentioned Dr Thashlin Govender, programme director for the Michael & Susan Dell Basis.