BML announces "Bank Fund" to empower NGOs through sustainable projects

May 23, 2024, 6:20 AM

Bank of Maldives (BML) has announced the "Bank Fund" to empower NGOs to contribute to their communities through sustainable projects.

BML said the "Bank Fund" invites proposals for ideas that promote sustainability and provide a social opportunity.

Five projects in the areas of education, environment, sports and community development will be selected annually to receive MVR 200,000 each.

BML announces "Bank Fund". -- Photo: Mirash Nashim/ Adhadhu

"As an integral part of being a sustainable and responsible business, we invest back into the communities we serve by supporting community initiatives," BML’s CEO and Managing Director Karl Stumke said.

"One significant program was the Community Fund which had provided support to a total of 100 community-led projects since 2019. The Bank Fund we launched today is a revamped initiative to provide our community organizations with even better opportunities," he added.

The "Bank Fund" is opened for locally registered NGOs, charity organisations and clubs. The application form and proposal should be emailed to bankfund@bml.com.mv before 11:00 pm on June 10.

Bank Of Maldives (BML)

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