 Operational
issues (Membership, Advance, Innovative features)
Membership
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Any working child from
the age of 9 to 18 years.
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Both girls and boys
can be members of this bank.
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Children who pick
pocket and survive on thefts, and children involved
in peddling drugs, cannot be members.
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No minimum deposit is
required in order to open account. It may be 1
rupee/taka/afghani, 5 rupees/takas/afghani or 10
rupees/taka/afghani depending upon the saving of the
child. There is no fixed amount for the children to
deposit every month. Nevertheless, members are
encouraged to deposit a minimum amount daily.
Advance to
Adolescents
CDB's principle of
granting advances (credit) to adolescents rests on the
philosophy that advances help
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to fulfil their dreams
-
gives a sense of
achievement to the recipients
-
helps in giving child
a respectable status in society
-
gives a better quality
of life to children
-
protects the dignity
of children
-
protects children from
exploitation
Two different types of
credit are available in the CDB, both of which must be
repaid:
Mater will come later
Criteria for Advance
The criteria may differ from agency to agency as decided by the CDB management
-
An example from Butterflies CDB
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The member will have to save money on a regular basis for 3 months, after which she or he can apply for a advance.
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The member must have
minimum deposit of 20% of the total advance amount
desired
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A single person
or a group can apply for a advance.
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Every advance
application must have two guarantors.
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A member may not take
a advance on behalf of his/her parents, brothers and
sisters, or extended family.
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Advance will not be
given to start a cigarette/betel leave shop or to
sell drugs and alcohol or phonographic materials.
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