The biggest problem for NGOs and social service organizations is how to ensure continuous and stable funding.
When I first started my non-profit organization, donations came pouring in. People enthusiastically supported my efforts in every way they could, including in the form of monetary contributions.
However, as time passed and the need to help the under privileged grew, conversely, people’s ability to support my efforts diminished.
In all fairness, everyday life catches up with even the most supportive and while good wishes and intentions remain, funds dry up.
The need for a self sustaining, economically viable option for funding the NGOs lead to the creation of knicnacs.com, an online portal for fun and quirky gifting solutions.
Knicnacs.com offers off-beat and unusual gifting ideas, whether it be birthdays or anniversaries, promotions or break ups!
All the profits (not just 5% or 10%) but a full 100% go towards building science and math labs in schools and colleges, for the benefit of the less privileged students.
Since its launch in 2017, knicnacs.com has generated a net income of Rs. 17,00,000 ($25000). These funds have been utilized to build 120 science and math labs in 30 schools and colleges, benefitting over 15000 students.
Knicknacs is a fully licensed e-store and we pay sales tax on every sale that is made on the website.
As a proud tax paying citizen of India, since the age of 16, I hope to help as many people as possible with this social enterprise.
In May 2017, for my entrepreneurial skills, I was chosen as the Global Winner of the Outstanding Youth Economic Citizenship Award 2017 by the German G20 Presidency and Child and Youth Finance International at Berlin, Germany.
Receiving the award from Natascha Beinker, Deputy Head German Federal Ministry for Economic Co-operation and Development (BMZ)
I also received a personal invitation by the G20 Presidency to participate at the Global Partnership for Financial Inclusion Forum for a global dialogue on the promises of financial inclusion and its role in achieving sustainable development goals. I had the opportunity to interact with several senior policy makers from G20 and non-G20 countries, academia and think tanks.
At the conference with Mr. Amit Agarwal, Joint Secretary, Ministry of Finance, Government of India.