A group of youngsters in a shelter for homeless children in New Delhi
have a few lessons for the world's international bankers. They have
invented a financial system of their own to save for a brighter future.
In a shelter for homeless runaway teens in New Delhi, a tiny, self-starting democracy has sprung up.
The residents have created an unlikely society where everything from
healthcare to banking has been initiated, implemented and executed by
the kids themselves.
“There
are children who have a job and they deposit their money in our bank
and even the children who go to school save their money,” explained bank
manager Satish Kumar. Satish Kumar’s peers elected him to be bank
manager of this branch of the children’s development 'khazana' (Indian
for 'treasure') that serves around 9,000 street children across South
Asia and has 77 branches in the region.
Many of the runaway teens
now have a place to safely keep their money, save for the future and
take out development or welfare advances to invest in starting
businesses or buying books for school.
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