Deadline: 30-Nov-21
The Bank of Maldives is inviting applications for Aharenge Bank Community Fund phase 4 to empower individuals to contribute to their communities through sustainable projects.
They will support 20 community-based projects in the thematic areas of education, environment, sports, and community development. This will be implemented in 4 phases during 2021.
Funding Information
- Winning projects will be granted MVR 50,000 each!
Requirements for Projects
- The project should be carried out in Maldives and should benefit a community by bringing people together to create a positive change.
- The project idea should be sustainable and create a lasting impact.
What are they looking for?
They’re looking for ideas that improve community spirit, promote sustainability and provide a social opportunity. For example:
- Creating a Community Garden where everyone can plant vegetables, fruits, herbs and come together as a community
- Establishing Community Libraries to instill a love for reading and learning
- Installing solar powered lights in public areas such as schools and harbor
- Reinventing “holhuashi” to meet today’s community needs
- Building mobile apps that contribute to sustainable innovations within the community
- Promoting coding and innovation for children and youth
Eligibility Criteria
- The project is open for individuals, local Non-Governmental Organizations (NGOs), Community-Based Organizations (CBOs), women’s development groups, tech community movements and youth empowerment groups. Government and Business entities are not eligible.
- Requirements for applicants:
- Only individuals and legally registered community-based organizations, non-governmental organizations, charities and clubs can apply.
- Government bodies, business entities and other institutions that are state funded are not eligible.
- Employees of Bank of Maldives and their immediate family members are not eligible.
- All individual applicants and organizations must be credit worthy customers of Bank of Maldives.
- The applicant should have a bank account with Bank of Maldives, or should have applied to open a bank account before the project is awarded. Transfer of funds to bank accounts with other local bank will be considered on a case-by-case basis.
For more information, visit https://www.bankofmaldives.com.mv/community-fund