FINANCIAL INCLUSION OF THE POOREST In March this year, #BangladeshBank, led by Governor #AtiurRahman, introduced an exciting financial product enabling working street children to open basic savings accounts, under guarantee of a registered NGO in their community. Children under 18 require an NGO guardian signature but they remain the sole owner of the money in the account. With a minimum deposit of Tk. 10 taka and a compound interest rate of 10%, this product is ideal for the street children it means to serve. Children above 18 with accounts also have an option to take a loan from the same bank if they want to do business or go to school. Thank you to the governor for making this refinancing possible. Opinion by Shazia Omar #streetchild #childrights
Posted on: Mon, 24 Nov 2014 20:00:00 +0000
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