NAGANI Money Saving BoxNews

Disbursement ceremony of MALARKARCHAN NAGANI money saving box association

July 5, 2017 – 2:30 PM,

The ceremony was held at Pyi Lone Annt Chapel from Ma La Kar Chan Quarter, Mahar Aung Myal Township in Mandalay.

Ashin Zawana (Patron) and Ashin Khey Mein Na (Reporter), Daw Kyi Kyi Mar (Chairman), Daw Kyin Kyin Myaing (Secretary) were attended to the ceremony and deliver speech by Daw Kyin Kyin Myaing. After that, 65 members were received 200000 kyats for each person and 15 members were received 100000 kyats for each person.

MALAKARCHAN NAGANI money saving box association is number two money saving box established by Sayartaw Wira Thu. Founded on 17.10.2013. 80 members in present time. 65 members are 200000 kyats role and 15 members are 100000 kyats role.

The lending system of NAGANI money saving box association is 5% deposit for the 50000 kyats. Must save 1000 kyats per day and within the percentage of 5%, 2% is used for the member’s medical  treatment and 3% is used for adding new members and more lending. The profit money is using back on the current money saving box and not using on other saving money box.

(Wira Key Mein – Reporter of NAGANI money saving box)