Fifteen-year-old Ishwore
Dhimal found the best place
to secure his hard-earned
money that pays him interest
too. His last visit to his
village in Sindhupalchok has
been the most delightful one
in the last three years, as
he could take home Rs 7,000.
The opening of the Child
Development Bank (CDB) in
Patan Daubahal has helped
child labourers like Dhimal
to save their savings
everyday. As a porter he
earns Rs 200 a day on an
average, but in the past he
could hardly save because
money used to be spent on
unwanted expenses and
sometimes robbed by junkies.
Gita KC, facilitator of the
CDB, said child labourers
were motivated to work hard,
save more and even plan
their future activities. The
accounts can be opened with
Rs 10, which can be
deposited on the daily basis
or any time when they have
money at their convenience.
As an incentive, the bank
distributes interest at 10
per cent rate every three
months. With a seven-member
organising committee of the
children themselves, the
bank is divided into advance
committee and management
committee. Most members
borrow money to meet their
educational expenses.
More about Child Labourer
saving schemes
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