Will we get to know the details of who benefitted?
Yes. After the money has been collected it will be transferred by Fueladream to NGO. It will take from 30 to 90 days after that to get details of fund use. Once I get this information from them I shall upload this on the UPDATES section of this campaign. You will then get an alert & can read details about the beneficiaries. ( WHICH SCHOOL AND HOW MANY STUDENTS)
What are the crowdfunding charges?
There is a payment gateway fee of 3% (for both the Indian and foreign gateway) , a crowdfunding fee of 9% plus a GST component of 2.16%.There is also an initial fee of 3000 INR which is being waived for us. Including all these fees the cost of making and distributing the footwear is only INR 199.
When do I get the receipts?
It takes up to 2 weeks after the campaign is closed for the monies to be transferred to NGO. The receipts will start getting processed about 4 to 6 weeks AFTER the campaign is closed and will be sent to you directly.
How does crowdfunding work?
Crowdfunding in India is a relatively new concept & is growing very quickly.
It’s a concept that allows a large number of funders (like you) to fund an Idea or a cause or event by giving small amounts of money online. Fueladream.com is a crowdfunding platform in India that allows for such a pooling of funds. You can fund innovations & ideas on FuelADream and be the first to get these products or make them come true. You can also do a good turn by funding charities and causes through crowdfunding. When you fund a charity it’s more like a donation & you get small innovative rewards like a shout-out on an FB page or a thank you email from the beneficiaries