Posted On: 2021-09-03 09:41:26
Crowdfunding is the major means of help for anyone who is in desperate need of help. Raising money online was possible only with the advanced technology of this era, it made life easier for the people who are struggling in life with some other major problem especially financial problems.
Deprived people or underprivileged people are disadvantaged who face unfortunate situations where their children, parents, family members or themselves are in the hospital and could not move on with the surgery because of financial troubles. In this case, the person gives up on life and has no idea how that person will raise money for the treatment.
Crowdfunding has proven to be a boon in a situation like these where the patient themselves or some other person related to the patient raises an online campaign displaying their struggles and current situation with the visual proof of hospital letter and the pictures that portray the Genuity of the patient’s need.
Readers and supporters connect with these storylines and help cases/stories like these out of humanity to achieve their targeted amount so that the patient can be treated and live a normal life. In a way, every small donation towards the campaigns makes an impact and in turn saves the life of the person who was giving up initially just because they could not arrange money for the treatment.
According to the UNICEF report, An estimated 6.3 million children under 15 years of age died in 2017, or 1 every 5 seconds, mostly of preventable causes, according to new mortality estimates released by UNICEF, the World Health Organization (WHO), the United Nations Population Division and the World Bank Group.
The vast majority of these deaths – 5.4 million – occur in the first five years of life, with newborns accounting for around half of the deaths.
“Without urgent action, 56 million children under five will die from now until 2030 – half of them newborns,” said Laurence Chandy, UNICEF Director of Data, Research and Policy. “We have made remarkable progress to save children since 1990, but millions are still dying because of who they are and where they are born. With simple solutions like medicines, clean water, electricity and vaccines, we can change that reality for every child.”
About 55 million Indians were pushed into poverty in a single year due to treatment costs and medical bills, as per a study by the Public Health Foundation of India. Why? Lack of affordable hospitals, missing doctors, ill-equipped health professionals, fake and expensive drugs, antibiotic resistance, childhood malnutrition, neglect of women’s health and paucity of funds and especially the huge bills for the treatment; all have been affecting the Indian health sector. The rising cost of treatment, especially in corporate and private hospitals, is making the life of the citizens difficult. People dread falling sick for fear of dropping into a debt trap. 0.38 million people opted for suicide in India due to a lack of treatment facilities.
In many situations, the cost of medicines, physician visits, devices, tests and interventions are so high and unessential that it is a sheer wastage of resources. A significant share of India’s population seems to avoid the formal medical system, they face a debilitating financial burden. Families opt to go for any treatment even when a member faces a life-threatening disease. A staggering 39 per cent do not receive any medical attention before death, even if the person visits the hospital and the bills are high. Rich persons may identify a relatively minor illness as an ailment and go for treatment, while the poor might perceive an ailment only when it is work-disabling or life-threatening, they will avoid seeing a doctor until they can.
People with dreams and goals always find Finance as an obstacle standing strong in front of their art/ project and masterpiece. Even athletes, climbers, weightlifters and sometimes researchers find this monetary wall standing tall between them and their goal. This is the main reason an artist gives up on their art and tries to find something other than art that can support their daily livelihood. With Crowdfunding it has been a little easier for artist to raise money online and fulfil their dream of completing their masterpiece. Crowdfunding has helped artists like painters, singers, directors, dancers and many more.
Wishberry is a crowdfunding platform dedicated to the artist and their art.
'Chippa' is a film coming-of-age tale of a ten-year-old boy called 'Chippa', who lives on a pathway of Calcutta's streets. On the eve of his tenth birthday, Chippa's grand-aunt hands him a letter written by his father who he has never known. He can't decipher the letter since it is written in Urdu.
To unravel this message, Chippa leaves his pavement abode at the stroke of midnight and heads out to explore the city and its street nightlife. The film as seen through Chippa's eyes is full of magic realism, wonder and enchanting conversations with strangers. The night, which is energetic and lively to start with, becomes a little dream-like as the film proceeds.
This film was produced by Wishberry Films, A crowdfunding platform raising money for independent artists. Wishberry Films finance, produce, market & appropriate films with universal and regional stories from India. And help HNIs discover and invest in such films.
It is beyond any doubt that getting money on the verge of establishing new projects or entrepreneurial business is the most difficult responsibility. These are the roots for blooming the project as a success. A creator may encounter trouble, or failure sometimes, in gathering finance due to lack of relationships with venture investors or banks due to lack of sound financial track record or security. This post is to introduce and explain the model of a new form of financing viz crowdfunding for entrepreneurs, project initiators and people with a cause. Research suggests that the field is fragmented and undeveloped. Research has also shown business models of crowdfunding and different sources of funding.
To stand out among thousands of other campaigns or projects seeking supporters and investors and reach the funding goals on crowdfunding platforms, entrepreneurs need to invest time planning for the campaign, tell a compelling story and use the power of social media and influencers and execute approaches for rewarding and communicating with supporters. Similarly, people seeking help for medical purposes need to be clear with their stories and should put up all the required documents so that the donors can see the urgency and the genuinity in the campaign.
"The Unique Value of Crowdfunding is not Money, it's Community "
- Ethan Mollick
Author : Lubdha Dhanopia
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