BML announces recipients of housing grant

Bank of Maldives (BML) headquarters in Male' City. (Photo/BML)

Bank of Maldives (BML) has announced the recipients of its housing grant for vulnerable families launched earlier this year, as part of monthly initiatives to celebrate its upcoming 40th anniversary.

Through the housing grant, the bank is funding the construction and furnishing of houses for three vulnerable families across the country.

Local Councils and NGOs were invited to nominate families in need of safe housing.

BML announced on Monday that it has selected three recipients of the grant, through a comprehensive evaluation process.

The recipients are:

  • Sukoon, Sh. Funadhoo (proposal submitted by Unity Sports Academy)
  • Ishaa, N. Velidhoo (proposal submitted by Velidhoo Future Foundation)
  • Sunhiyaa, ADh. Maamigili (Proposal submitted by Falcon Youth and Recreation)

Commenting on the housing grant, Aishath Noordeen, BML’s In-Charge and Acting MD, said supporting communities with initiatives such as the housing grant, was a main focus of the bank’s CSR strategy.

“I’m delighted to have the opportunity to support the most vulnerable members in our society and I’m confident our financial support to these housing projects will help generate significant positive and enduring impact for these families for years to come,” he said.

BML has launched ten monthly initiatives to celebrate its 40th anniversary since November 2021. The initiatives are:

  • November 2021: BML Scholarship Fund
  • December 2021: Upgrading the National Library
  • January 2022: BML Startup Grant
  • February 2022: Housing Grant
  • March 2022: Small Grants
  • April 2022: Support to upgrade Home for People with Special Needs
  • May 2022: Online fundraising platform Kindly
  • June 2022: BML Fehi Project
  • July 2022: Upgrading the Maldives National Museum
  • August 2022: Establishment of oncology ward at IGMH

BML will celebrate its 40th anniversary in November.