Advertisement

Help
You are here: Rediff Home » India » Business » Photos
Search:  Rediff.com The Web
  Email this Page  |   Write to us

Back | Start

No kidding! This bank is run by children!

August 13, 2007
"The age for procuring an advance is between 15 and 18 years," said Morepal, a rag-picker, who handles the savings account at the bank in the evening.

"CDB has disbursed Rs 86,000 as advances in Delhi from 2001 till date. Of this, we have recovered only about Rs 30,000.

"The all-India disbursal between 2004 and 2007 was around Rs 400,000. Of this, we have recovered Rs 225,000 till date," said Mathew.

That's a creditable account!

Butterflies is an organisation committed to the welfare and development of street children. It has been working in the city of Delhi for the last 15 years.

Besides Delhi Butterflies is also active in Leh, Kolkata, Chennai, Muzaffarpur and Andaman & Nicobar Islands. It is also present in Nepal, Afghanistan, Bangladesh, Pakistan, Sri Lanka.

To access the Butterflies web site, click here.

Back | Start

Powered by

© 2007 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback