Bank run by street kids in New Delhi
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We've reported on programs run by banks in the Netherlands and the US that were focused on 'kidpreneurs'—teaching children basic lessons about money and starting a business. A related and less carefree spotting came in from New Delhi, India, where more than 1,000 street children have joined together to create a bank that helps them manage the small sums they earn each day. Launched in 2001 by a volunteer aid group called Butterflies, the Children’s Development Bank aims to empower children in several important ways. Like any other bank, CDB pays interest on the deposits that New Delhi’s street children…
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