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Stichting Children's Khazana Foundation

Stichting Children’s Khazana Foundation was founded in the Netherlands. Its goal is to support the Children's Development Khazana organization in Mumbai in their mission to provide structure for the children and their families, as well as to raise awareness and funds.

Children’s Development Khazana works in the slums of Mumbai to support street children by providing them with a simple but solid system to manage their financial lives. CDK is based on banking and cooperative principles. All children between 9­ and 18 can benefit from CDK.

Many of these children live in the streets, sleep under bridges and eat what they find in rubbish bins. These children are often unregistered and their chances to break this cycle of poverty are limited. The money they earn is often spent immediately, not only due to necessity, but also because they have no where to keep it safe. CDK gives children an account book and helps them save the little cash they have for later. It gives them control over their income and as such introduces them to the concept of controlling their own future.

Any child can save with the Khazana, which is their own and is run by children like them, under the guidance of adult facilitators. Implemented as part of life skill education, CDK enables its members to earn a return on their deposits and its adolescent members to access advances to initiate small economic enterprises or cooperatives. CDK focuses on empowering its adolescent members to plan for their future, build their business skills and move towards a secure and sustainable future. The first step in this

Website: http://www.khazanafoundation.org/


Voltooide projecten van Stichting Children's Khazana Foundation

Children's Khazana Foundation: Teach 450 children in Mumbai bookkeeping skills

Stichting Children's Khazana Foundation

Doelbedrag € 1.500,00
Mumbai, India

We believe financial skills have an enormous importance for marginalized children. Bookkeeping courses are one of the basics skills that need to be taught to run a business successfully.

Providing bookkeeping knowledge such as recording, organizing, reporting and interpreting financial transactions will empower children to manage their future savings. Whether it is to pursue studies at the university or to find a decent job position in a business, our objective is to help improve the future generation of the children of the slums.
Teaching financial skills is a first step towards breaking the circle of poverty they were born in. 

Mumbai's economy has continued to boom since the last three decades. The megacity has become the 12th richest city in the world in 2018.
Behind this impressive figure hides a whole different reality: the growing gap between rich and poor. Indeed, 12 million people (which represents 55% of Mumbai population) are living in dilapidated conditions in informal settlements better known as slums.
Among these slums inhabitants, we can find 60% of children. Many of these children sleep under bridges and eat what they find in rubbish bins. They are often unregistered and their chance to break the cycle of poverty is limited.

The Khazana Foundation has chosen to help them break this vicious circle by providing them with savings accounts and financial education.

Why do we believe financial education is important for children of the slums?  

With its 20 000 small-scale manufacturing units and thousands of unregistered businesses, the 2000 Mumbai slums are constituting a world in itself. A universe that the outside world is largely unaware of.

By teaching the knowledge of cooperative, fundamentals of management, principles of accountancy and principles of banking, the foundation aims to encourage slums, children, to take advance of their economic empowerment and their personal development. We believe that teaching them bookkeeping skills is important. By attending this course, children will know how to record, organize, report and interpret financial transactions.

The final objective of the course is to help children build a solid educational background, so they can find a job whether it is in or outside of the slums.

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Children's Khazana Foundation: Develop the entrepreneurial skills of 450 underprivileged children

Stichting Children's Khazana Foundation

Doelbedrag € 1.500,00
Mumbai, India

Children need skills that will help them chart their own path in life. Entrepreneurial education teaches them these skills. 

Whether it is to pursue studies at the university, find a decent job position in a business or even open a business, our objective is to help improve the future generation of children in the slums. 
Teaching entrepreneurial skills is a first step towards breaking the circle of poverty they were born in. 

Mumbai's economy has continued to boom since the last three decades. The megacity has become the 12th richest city in the world in 2018. Behind this impressive figure hides a whole different reality: the growing gap between rich and poor. Indeed, 12 million people (which represents 55% of the Mumbai population) are living in dilapidated conditions in informal settlements better known as slums.  
Among these slums’ inhabitants, we can find 60% of children. Many of these children sleep under bridges and eat what they find in rubbish bins. They are often unregistered and their chance to break the cycle of poverty is limited.
The Khazana Foundation has chosen to help them break this vicious circle by providing them with savings accounts and financial education.

With its 20 000 small-scale manufacturing units and thousands of unregistered businesses, the 2000 Mumbai slums are a world in itself. A universe that the outside world is largely unaware of.

By teaching how to write a business plan, principles of accountancy, problem identification and problem-solving, the Khazana foundation empowers children to take control of their economic situation and their personal development.
We believe that teaching basic business skills is important.
By attending these courses, children will learn how to identify opportunities, solve problems, find collaboration, dare to innovate and trust their creativity!

The final objective of the course is to give children a solid foundation to find a job or create their own business whether it is in or outside of the slums. 

The donations will be used to pay finance professionals to teach 75 hours of entrepreneurship courses in the different locations of the Khazana foundation in Mumbai, India.
Moreover, children will benefit from several conferences where selected entrepreneurs will share their testimonies and experiences. 

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