Disbursement ceremony of Aung Thar Yar NAGANI Money Saving Box Association
Aug 18, 2017,
The ceremony held at Ma Ba Tha office, 45 and 47 Street, between Myat Lay Street and Gandamar Street, Ya Ta Nar Theid Hti Monastery, Aung Thar Yar Quarter.
Ashin Zawana (NAGANI Money Saving Box Association – Patron), Daw Kyi Kyi Mar (NAGANI Money Saving Box Association – Chairman) and Daw Kyin Kyin Myaing (Secretary) were attended to the ceremony. Ashin Za Wa Na and Daw Kyin Kyin Myaing delivered a speech to the audience. After that, disbursement saving money 100000 kyats to each of 130 members.
Aung Thar Yar NAGANI Money Saving Box Association is no sixth money saving box established by Sayartaw Wira Thu. Started with 50 members on 2.1.2016 and 130 members in present time.
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% 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. There has seven NAGANI money saving box established by Sayardaw U Wira Thu.
(Wira Key Mein – Reporter of NAGANI money saving box)