NDBUS MEMBERS START THEIR OWN SAVINGS PROGRAMS

On 21st April 2010, NDBUS started its own savings program in Zone 8 of DCC, commonly known as Mirpur and Pallabi area.The savings program is a new form, devloped with the support of Development Innovations Group, that offers ownership of the community over the savings. NDBUS as an organsiation gets some percentage of service charge from the group members in terms of providing technical support to the group members. Till to date as many as 13 groups have deposited for savings and a good number of groups are in the queue.
NDBUS has been rceieving support from The Dhaka Mercantile Cooperative Bank Ltd., a cooperative bank, in collecting the deposit money from the group members.

The savings program is solely aimed at NDBUS members and is a pilot of NDBUS in Zone 8 area in DCC. The successful model will be replicated in other areas.

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