Crowdfunding Education: From Cash Back to Give Back - Cashkaro.com brings rural kids #BackToSchool
Cashkaro.com is the largest Cashback and Coupons site in India. They help online shoppers find more value in their purchases by getting discounts & cash back. In such a competitive e-commerce environment, when a brand like this sets up a Milaap campaign to support a cause they care about, it leaves us overwhelmed and grateful at the good that goes around.
The campaign invites small loans to help educate kids in Odisha and will have each contribution matched, rupee for rupee, by Cashkaro.com. The initiative by Cashkaro.com will help school kids in rural India head back to school and continue their education.
This is the first of many such initiatives that Cashkaro.com aims to launch. The children benefiting from this belong to impoverished families in Odisha who cannot afford school fees any more. Faced with the risk of pulling their children out of school due to lack of funds, the families seek small loans to pay the fees. Milaap has partnered with the Mahashakti Foundation in Odisha to provide these children (as young as 6 years) affordable education loans to continue their studies. The loans help their parents pay the children’s school fees, purchase textbooks and shoes and the parents repay the loan in monthly instalments.Swati Bhargava, the co-founder of Cashkaro.com, is an ex Goldman Sachs banker and London School of Economics graduate. With an illustrious career backed by strong academic pedigree, Swati is aware of how far education can propel the life of a student. She is personally passionate about the cause of students’ education and is vested in bringing the campaign to her community. “With a strong community of over 8 Lakh people, we bring the crowdfunding concept via cashback to this unique campaign for helping build education in early years. We believe that we must help each other rise towards our ambitions and potential. Milaap offers a great way to do that in a transparent, accountable and engaging way. Cashkaro.com will match every Rupee that is lent towards this worthy cause!”With the aim of continuing social development initiatives, Cashkaro will soon make it possible for its members to participate and also donate their cashback to other charities listed with on their site.The company is aggressively promoting this initiative on their website as well as social media to spread word about the campaign. The collaboration with Milaap is focused on helping underprivileged kids to go back to school.