A pioneering Indian bank is teaching the impoverished children of an overcrowded Muslim neighbourhood in Ahmedabad how to save for a crisis.
Sarjan Bank bank at Sankalit Nagar in the neglected western neighbourhood of Juhapura is proving highly popular with local pre-teens - who are also helping to run it.
Operated by a non-profit organisation, the bank has provided families that have fallen on hard times or been victims of the city’s periodic bouts of inter-communal violence a lifeline - literally.
"The other day, my teacher told me that I could use the money in my account in case my mother needs medicines when she is ill," says little Zia Mirza, whose father is a rickshaw driver.
"And a month later, it happened! My mother fell ill and wanted medicines and my father didn’t have any cash. So, I came here and withdrew Rs 200 ($3.25)," says the nine-year-old with an accomplished smile. Full story...
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Sarjan Bank bank at Sankalit Nagar in the neglected western neighbourhood of Juhapura is proving highly popular with local pre-teens - who are also helping to run it.
Operated by a non-profit organisation, the bank has provided families that have fallen on hard times or been victims of the city’s periodic bouts of inter-communal violence a lifeline - literally.
"The other day, my teacher told me that I could use the money in my account in case my mother needs medicines when she is ill," says little Zia Mirza, whose father is a rickshaw driver.
"And a month later, it happened! My mother fell ill and wanted medicines and my father didn’t have any cash. So, I came here and withdrew Rs 200 ($3.25)," says the nine-year-old with an accomplished smile. Full story...
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