Did You Know That This Bank In Old Delhi Is Run By Street Kids?

The child rights organisation 'Butterflies' is now planning to take this initiative to Pakistan, Afghanistan, Bangladesh as well as some parts of Africa.

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Old Delhi’s street children have started a bank of their own. And they have named it- Children's Development Khazana (CDK). 

The bank is run by the children in the Fatehpuri neighborhood of Old Delhi. They make all the rules and take all important decisions. 

Source: Youtube

However, volunteers from the child rights organisation 'Butterflies', assist the day-to-day running of the bank and sort out any logistical issues.

Source: DailyMail

The children from age nine to eighteen can deposit a small amount and get 3.5 percent on their deposits. Unlike other banks, this bank is open for all seven days.

Source: DailyMail

Moreover, this bank might have the youngest manager in the world: 13-year-old Sonu.

“I ran away from home and started working at a tea stall. It was bad. Then I met some volunteers who told me about the bank. I came here. Now I go to school and I am the (bank) manager also. Kids make deposits. They can withdraw anytime if they have to buy something like clothes or eatables. The bank is open seven days a week," said Sonu in an interview to Daily Mail.

Source: DailyMail

One of the regular customers, 14-year-old Sheru earns by selling water bottles and saves it for the future. Sheru wants to become a photographer and hopes to save enough money to buy a camera one day.

Source: DailyMail

Shashidhar Sabnavis Charity program manager at Butterflies told DailyMail, “Street children were telling us that they lose their money. Or they tend to spend their money here and there.  So, we at Butterflies decided on the idea of operationalizing a bank for them. They use their savings in the khazana (bank) to meet their future needs. Some of them use their money to go for higher education or vocational training. Some of them use it to start small business enterprises.”

Title Image: Pinterest 

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Sumaiya Sheikh (WRITER)

Sumaiya believes in expressing her thoughts with the sword of words. This management lover handled 30 and 100 volunteers for All India Interschool Personality Contest in 2013 & 2016 respectively, by Oxford Speakers’ Academy. A chatterbox, she also hosted three shows at All India Radio. This compotator represented KKSU in the inter-university debate competition - Indradhanushya.