Five NGOs win funding for community projects under BML’s ‘Bank Fund’ program

The Bank of Maldives (BML) has announced the winners of its inaugural ‘Bank Fund’ program – an initiative launched by the national bank to empower local non-governmental organizations (NGOs), charity organization and clubs to contribute to their communities through sustainable projects.

The bank announced the five recipients of the ‘Bank Fund’ this year on Wednesday. They are:

• Muraka Farm: The Muraka Farm won funding for a coral restoration project in B. Dharavandhoo, aimed at safeguarding marine biodiversity and promoting sustainable livelihoods.
• Children of Maldives: Children of Maldives won funding to build a vast nature library in Vilimale’, aimed at fostering passionate environmental awareness and education.
• Dhiggaru Ekuveri Zuvaanunge Gulhun: The Dhiggaru Ekuveri Zuvaanunge Gulhun won funding for a sustainable urban farming project, aimed at promoting food security and sustainable agricultural practice.
• Veymandoo Zuvaanunge Gulhun: The Veymandoo Zuvaanunge Gulhun win finding to developing a sensory and vocational training room for students with special educational needs in Th. Veymandoo School, aimed at promoting inclusivity and opportunity.
• Unity Sports Academy: The Unity Sports Academy won funding to develop media and game labs in Sh. Funadhoo School, aimed at empowering youth through technology and sports.

BML’s Deputy CEO and in-charge of the bank, Aishath Noordeen said that the ‘Bank Fund’ represents BML’s commitment to collaborate with NGOs to bring positive change across the Maldives.

“We are incredibly proud to support these five projects that will undoubtedly make a lasting impact on our communities,” she added.

The 'Bank Fund' is an annual program to select five projects each year to receive MVR 200,000 in funding.

BML said it remains dedicated to empowering local communities and building a brighter future for the Maldives.