Disbursement ceremony of MALARKARCHAN NAGANI money saving box association
Dec 8, 2017 – 3:00 PM,
The ceremony was held at Pyi Lone Annt Chapel from Ma La Kar Chan Quarter, Mahar Aung Myal Township in Mandalay.
Attended by A Shin Za Wa Na (Patron – NAGANI Money Saving Box Association) and Daw Kyin Kyin Myaing (Secretary – NAGANI Money Saving Box Association). Delivered the speech by Daw Kyin Kyin Myaing. After that, seventy members received 200000 kyats for each person and fifteen members received 100000 kyats for each person.
MALAKARCHAN NAGANI money saving box association is number two money-saving box established by Sayadaw Wira Thu. Founded on 17.10.2013. Eighty members in present time. Seventy 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 the current money saving box and not using o her saving money box.
(Wira Key Mein – Reporter of NAGANI money saving box)