A Bank Owned by Street kids

Kids from most of the family spend money lavishly without knowing the value of money. On the other side street kids from Delhi, India started a private bank on their own. The bank named “Children’s Development Khazana (treasure) was started at 2001, now running successfully with 9000+ homeless clients. The bank was just started to save and protect the hard earned money of vagrant children. No matter on how much money the client has in the account, but the bank follows a very strict regulation of the root cause of the money earned like where and by what source the account bearer earned the money. Cash earned on illegal means like selling drugs and by begging are not allowed in the bank.

The employees in the bank are volunteers who go to school or work on day time and work for the bank at evenings. Two elected volunteers work are managers whose high level responsibility is to main and track the cash record books and to deposit the money in regular bank.

Now it’s a full fledged bank that offers an interest rate of 5% and offers loans for emergency needs like medical use and school fees pay depending on the borrower’s payment record. The bank is running with twelve branches and 12 lakh deposits, and affiliated branches is on other parts of Asia like Nepal, Bangladesh, and Srilanka...  

I am not insisting to start a bank compulsorily; if you wish to start with your friend’s gang you can atleast with small numbers. But my intention of this post is the reader who reads this article can start to save your parents hard earned money.

And Let us give huge cheers for the children who run the bank.