The number of students there is roughly 1000+ for classes between 6th to 8th. Most of them either go to dysfunctional government schools, to take advantage of mid-day meals or to get a bicycle. But no education that can take them to higher levels of earning later in life.
A majority is also enrolled in a few one man private schools and pays upto Rs.200/- per month. The quality, teaching skills and the motivation of the teachers here is limited to what that amount can provide. The future vision or capability to lead a child to a greater success is also not there.
What is the funding required per school?
1.. For setting up the school, we need:
a. A building of 4-5 rooms , costing around Rs. 2,50,000 (2.5 lacs),
b. Furniture etc : including benches: Rs. 20,000/-
b. Accredition and similar paperwork : Rs. 20,000
c. Optional facilities:
1. Library : Rs. 10,000/-
2. Computer : Rs. 20,000/-
d. More dreams:
1. Solar lighting : Rs. 100,000/-
2. Dish TV : Rs. 10,000/-
Total (a+b+c.1) = INR 3,00,000/-
2.Running cost in first year: -
a. Ability to bring first 50 children and sustain them, including books and copies, dress and shoes : Rs. 2,00,000 (1.5 lacs)
b. Teachers cost (assuming we only take 50 free children) : Rs. 1,50,000
c. Arrangement required to take children away from labor and keep them in school (e.g. a cycle till they enrolled; mostly parents will use it but the child will be sent to school) : Rs. 50,000/-
Total : Rs. 4,00,000/- (any fee income from new enrollments above 50 shall be deducted) .
3.Running cost in second year: -
a. Ability to bring sustain 50 children : Rs. 2,00,000 (1.5 lacs)
b. Teachers cost (assuming we only take 50 free children) : Rs. 1,50,000
Total : Rs. 3,50,000/- (any fee income from new enrollments above 50 shall be deducted) .
Sustainability after 2 years (or earlier):
OUR USP is good education. I believe that if we provide that to 50 children, soon another 500 will be sent by their parents, if they can make an economic choice between the immediate opportunity cost of sending them to school versus long term benefits.
We will charge a fee of Rs.150/- per student after 50. This comes with our commitment to keep 50 going at all times.
So if over 50 students:
- we get new 100 students ,we will generate Rs. 15000 x 10 months = Rs. 1,50,000/-
- we get new 300 students, we will generate Rs. 45000 x 10 months = Rs. 4,50,000/-
At this level of 350 students, the school becomes self sustaining, including additional teacher and capex costs, to include more students.
It would be a goal to develop more schools using these two as the base, and also contributing to development of other schools.
Summary: How much we need to run 2 schools with 50 children each
1. Set up plus first year cost: Rs. 7,50,000/-
2. Second year: Rs. 3,00,000/-
Above assumes only 50 children.
Issues in Education:
1. Ethics of management and money motives
2. Management quality and vision
3. Sustainability till volumes develop in such schools
4. Teacher development, training and quality
5. Development of future of children
Our team, with support of 7avenues network and our own IIT and IIM network, has the potential to deliver on each of the above- starting with the motive, which defines other aspects as well.
We need as much support as can be given.
How do we intend to raise funding?
The overall commitment required to start is :
a. This year: Rs.7,50,000/- per school or Rs. 15 lacs for 2 schools
b. Next year: Rs. 3,00,000/- per school or Rs. 6 lacs for 2 schools
To raise this amount, the options are:
A. Donations to Big Vision project
B. 25% of commercial revenues from the Big Vision programs
How can you contribute or be a part
1. You can donate any amount above Rs.1000/-. We are trying to get tax benefits on such donations.
2. Adopt a child . The cost will be around Rs. 6000/- per annum.
3. If your company has any Donation/ Social participation scheme, please let us know and introduce.
4. Any other way you know of.
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