IDUKA THRIFT STORE

WHY A THRIFT STORE?

The Board of Directors of Iduka Corporation and their Committees, engaged in a rigorous business planning process that aided in the desire to grow high performing social enterprises that would prove profitable to the nonprofit organization.

The goal was to complete a business plan and launch or grow a number of viable business revenue streams.

The revenue generated from these streams will provide Iduka with more independence in creating programs and services that will fulfill the mission: fund higher education student loans.

A Thrift store concept is not new, resale shop revenue has been used to support many nonprofits, as well as for-profit organizations that have strong ties to their community’s needs; limited resources to aid in those needs and are compelled to respond to a “call to action” for the good of their community.

The Iduka Thrift Store was founded in August, 2009 to help bridge the financial gap of needed money sources to fund the Iduka Micro-Loans program, as well as improve the educational goals of our great community.

The Iduka Thrift Store provides an important retail service to the Port St. Lucie Community and other outlying neighborhoods on the Treasure Coast by offering affordable, gently used clothing, furniture, appliances, electronics and more.

The Thrift Store also plays a role in Environmental Stewardship by helping keep tons of goods out of the landfill each year through recycling.

Additionally, to the community, the Thrift Store has become a place to cultivate new friendships and gain a sense of purpose and accomplishment among the elderly and the retired who volunteer their empty time for worthwhile cause to their community.

And to the Students, whose pockets are not as deep, the Thrift store provides modern updated gently used clothing and jeans at a further discount to them.

And last but certainly not least, all those who come to learn and become confident know, one hundred percent (100%) of the Thrift Store’s revenue after expenses goes to fund student micro-loans.

The store’s revenue after expenses is critical in bridging the gap between other funding streams anticipated from government and private sector grants, fundraisers, community involvement projects and the generous support of donors.