KINGSTON, Jamaica, CMC – The Jamaica Stock Exchange (JSE) Friday said it is hosting the second staging of the JSE Yuletide Telethon to raise J$40 million (One Jamaica dollar=US$0.008 cents) for three projects that are currently short of their funding targets on the Jamaica Social Stock Exchange (JSSE) platform.
The JSE said the telethon, which ends on Sunday, will allow the projects to continue their mission for positive social impact.
“We hope that in this season of giving, we will be able to win your support for these worthy causes. These projects are intended to positively impact urban renewal and youth development through music, character building, conflict resolution, and basic financial literacy training in schools,” it said.
Last year, the JSE’s inaugural JSE Yuletide Telethon raised an estimated J$17 million to list the three projects on the JSSE, a subsidiary of the JSE which is aiming to raise further funding for the projects, based on the JSSE’s mandate of mobilizing financing of projects aimed at delivering socio-economic, environmental, and cultural benefits for all stakeholders, within their framework of accountability, impact measurement, and reporting.
“The projects have utilized well the funds raised and need the additional resources which will allow them to continue their mission by implementing their “Theory of Change” for positive social impact.”
The JSE said that the projects listed are the “Stop the Violence Project,” which it described as a character-building empowerment program in schools that includes financial literacy training, as well as Choose Life’s “Mental Health & Wellness Project” for communities and adapted for schools as the SHALOM MOVEMENT- HAPPINESS CLUBS where it’s a life coping skill, youth empowerment tool.
It said that the third project, “JaMIN Music Entrepreneurship Project,” provides at-risk youths and young adults an alternative pathway to earning a livelihood by leveraging the rich musical legacy and the brand of Trench Town, the birthplace of reggae.
“The JSE is aiming to raise further the funds needed to facilitate the JSSE’s mandate of mobilizing funding for projects aimed at delivering socio-economic, environmental, and cultural benefits for all stakeholders under the framework of measurement, reporting, and accountability.”
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