Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana

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dc.contributor.advisorAtmore, Eric
dc.contributor.advisorCampbell, Emma
dc.contributor.authorKgotlaetsile, Keagetswe Alex
dc.date.accessioned2023-03-29T06:53:10Z
dc.date.available2023-03-29T06:53:10Z
dc.date.issued2022
dc.date.updated2023-03-15T08:27:43Z
dc.description.abstractFinancial sustainability remains a key concern for Non-Governmental Organisations (NGOs) in Botswana. Their survival is dependent on the fading donor funding, illustrating a weak financial capacity and poor financial sustainability prospects. To continue operating, NGOs must adopt sound financial management practices to enhance their financially sustainability. The aim for this study is to find out if the financial management practices used by NGOs in Botswana can improve their financial sustainability, thus also determining their financial sustainability potential. The study employed a convergent parallel mixed method design, using structured surveys and face to face semi-structured interviews. A non-probability purposive sampling was adopted, drawing a sample of 20 participants for surveys representing 20 NGOs and 15 participants for face-to-face structured interviews representing 10 NGOs. The survey responses were analysed using spreadsheet (excel) while face to face interviews were analysed using NVivo Software, following Tech's (1990) process for data analysis. The study sought to answer questions centred around financial management, financial sustainability, sound financial management practices, sources of income and alternative funding for NGOs in Botswana. The main findings demonstrate a great understanding of financial management and financial sustainability. They also showed a strong practice of financial planning enhanced by strategic planning and budgeting. A strong financial recording process which includes the use of accounting process, systems, and tools. On the other hand, somewhat a weak financial monitoring process, with good use of audits but reluctancy in reviewing financial statements. Moreover, the results illustrate diverse but weak income sources, shown by a decline in local and international funding. Lastly the study shows the presence of an alternative funding approach which has ensured some income generation. On the same note NGOs have low financial reserves and survival ratios. The study recommends the strengthening of NGOs financial capacity, by NGOs, the private sector, and the government. NGOs should prioritise sound financial management and improve their financial capacity. The private sector and other stakeholders should promote sustainable financial support and partnerships with NGOs. The government should view NGOs as key partners and actively support their mandate. NGOs should prioritise financial management, train and enhance capacity of their members to ensure financial prudence.
dc.identifier.apacitationKgotlaetsile, K. A. (2022). <i>Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana</i>. (). ,Faculty of Humanities ,Department of Social Development. Retrieved from http://hdl.handle.net/11427/37538en_ZA
dc.identifier.chicagocitationKgotlaetsile, Keagetswe Alex. <i>"Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana."</i> ., ,Faculty of Humanities ,Department of Social Development, 2022. http://hdl.handle.net/11427/37538en_ZA
dc.identifier.citationKgotlaetsile, K.A. 2022. Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana. . ,Faculty of Humanities ,Department of Social Development. http://hdl.handle.net/11427/37538en_ZA
dc.identifier.ris TY - Master Thesis AU - Kgotlaetsile, Keagetswe Alex AB - Financial sustainability remains a key concern for Non-Governmental Organisations (NGOs) in Botswana. Their survival is dependent on the fading donor funding, illustrating a weak financial capacity and poor financial sustainability prospects. To continue operating, NGOs must adopt sound financial management practices to enhance their financially sustainability. The aim for this study is to find out if the financial management practices used by NGOs in Botswana can improve their financial sustainability, thus also determining their financial sustainability potential. The study employed a convergent parallel mixed method design, using structured surveys and face to face semi-structured interviews. A non-probability purposive sampling was adopted, drawing a sample of 20 participants for surveys representing 20 NGOs and 15 participants for face-to-face structured interviews representing 10 NGOs. The survey responses were analysed using spreadsheet (excel) while face to face interviews were analysed using NVivo Software, following Tech's (1990) process for data analysis. The study sought to answer questions centred around financial management, financial sustainability, sound financial management practices, sources of income and alternative funding for NGOs in Botswana. The main findings demonstrate a great understanding of financial management and financial sustainability. They also showed a strong practice of financial planning enhanced by strategic planning and budgeting. A strong financial recording process which includes the use of accounting process, systems, and tools. On the other hand, somewhat a weak financial monitoring process, with good use of audits but reluctancy in reviewing financial statements. Moreover, the results illustrate diverse but weak income sources, shown by a decline in local and international funding. Lastly the study shows the presence of an alternative funding approach which has ensured some income generation. On the same note NGOs have low financial reserves and survival ratios. The study recommends the strengthening of NGOs financial capacity, by NGOs, the private sector, and the government. NGOs should prioritise sound financial management and improve their financial capacity. The private sector and other stakeholders should promote sustainable financial support and partnerships with NGOs. The government should view NGOs as key partners and actively support their mandate. NGOs should prioritise financial management, train and enhance capacity of their members to ensure financial prudence. DA - 2022_ DB - OpenUCT DP - University of Cape Town KW - Financial Management LK - https://open.uct.ac.za PY - 2022 T1 - Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana TI - Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana UR - http://hdl.handle.net/11427/37538 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/37538
dc.identifier.vancouvercitationKgotlaetsile KA. Financial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana. []. ,Faculty of Humanities ,Department of Social Development, 2022 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/37538en_ZA
dc.language.rfc3066eng
dc.publisher.departmentDepartment of Social Development
dc.publisher.facultyFaculty of Humanities
dc.subjectFinancial Management
dc.titleFinancial Management of NGOs towards financial sustainability: a case of Gaborone, Botswana
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMSocSci
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