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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/


Lopende projecten van Stichting Children's Khazana Foundation

Children's Khazana Foundation: Food Support for slum Children in Mumbai

Stichting Children's Khazana Foundation

Doelbedrag € 1.500,00
Mumbai, India

The coronavirus has sometimes been called an equalizer, because it has made both rich and poor people sick. But when it comes to food, the commonalities ends. It is the poor, including many of the poorest nations, who now suffer from hunger and face the prospect of starvation. Since the coronavirus epidemic, our professionals on the ground have suspended teaching financial education to deal with the food emergency. As a result, they have transformed their working lives to help the families and children we support every day in the slums to provide them with a proper meal at least once a day.

The coronavirus issue that India feared has become a reality in Mumbai. This city of 20 million people is now responsible for 20 percent of coronavirus infections in India and nearly 25 percent of deaths. Hospitals are overflowing with sick people. Especially in the city's vast slums where social distancing is impossible. In Dharavi, Mumbai's largest slum, infections are exploding and social distance is impossible to regain. In this chaotic situation, our professionals do their best to help the families in the slums by distributing dry food. More than a food emergency, it has turned into a sanitary emergency with girls lacking access to sanitary napkins. The final objective of the project is to enable 500 families in the slums to have proper meals at least once a day for 2 months and to enable girls to maintain proper personal hygiene.

Food is a basic necessity for survival. Donations will be used to buy dry meals and sanitary kits for girls.

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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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Khazana Foundation: Open a new Khazana branch to teach 100 marginalized children financial skills

Stichting Children's Khazana Foundation

Doelbedrag € 3.500,00
Mumbai, India

Open a new Khazana branch to teach 100 marginalized children financial skills

 

The Khazana Foundation works in the slums of Mumbai to help children become financially literate, by providing them with a system to manage their financial lives and support them with basic social and livelihood needs and education. The foundation provides the children with a savings account, teache them about longer- term goals, provides education about the banking system and how money works. Through a number of ‘bank branches’ children can manage their accounts and save small quantities of cash.

When they are 18 years old, they qualify for a bank account in the normal financial system.

 

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 basic financial skills and savings accounts.

 

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 children entrepreneurial skills like how to write business plans, principles of accountancy, problem identification, interpersonal skills and bookkeeping skills, 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 potential.

 

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. 

Financial literacy is a first step towards breaking the circle of poverty they were born in and we do believe that it will help them chart their own path in life.

 

Goal:

The Khazana Foundation wants to open a new branch to reach even more children than the 452 we already support in Mumbai slums.

 

Cost:

The donations will be used to pay finance professionals to teach 100 children financial skills and personal development skills in the new location of the Khazana Foundation in Mumbai, India. The money will also be used to open the learning center. By being members of the

Khazana Foundation, children will also benefit from scholar facilities and warm meals.

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