the winning proposals of the first quarter are made public
The Bank of the Maldives has announced five winning proposals for the first quarter of 2022, as part of the bank’s “Aharenge Bank Community Fund” initiative.
The country’s national bank opened requests for proposals under the first phase of the community fund for the year in February.
The community fundraising campaign aims to empower individuals to contribute to society by leading sustainable community projects across the Maldives.
The proposal to install solar street lights in Maaungoodhoo was submitted by the Society for Maaungoodhoo Youth Linkage, Ahmed Rasheed from Landhoo submitting the proposal to develop a barbecue area on the island.
Also, the proposal for Kinbidhoo Island was submitted by Island Resident Aishath Sama.
Ismail Shareef, a resident of Bilehfahi Island submitted the proposal for the island and the proposal to develop a barbecue area in Kaashidhoo was submitted by the island resident Mohamed Vishah.
BML selects five projects from the proposals received in the facility phase. Selected projects in education, environment, sports and community development will receive MVR 50,000, similar to previous phases of the fund.
A total of 20 projects will be funded in 2022, as in previous years.
The Aharenge Bank Community Fund is a program aimed at empowering individuals and NGOs to contribute to local communities through sustainable projects. The project is open to individuals, local NGOs, community-based organizations (CBOs), women’s development groups, community technology movements, and youth empowerment groups. Governmental and commercial entities are not eligible for the program.
Since the initiative’s launch, BML has funded projects in 65 islands across the country under the Community Fund initiative.