Children Development Bank: Bank run by kids out of a Night Shelter!

Everyone has heard about the Grameen Bank – which is run through the poor Bangladeshi villagers.  But this bank (Children’s Development Bank) is unique – it is by the kids, for the kids, of the kids!!  Kids, who are ragpickers or doing menial jobs and not probably much educated.  And it is run in a night shelter set up by MCD.

A night shelter set up by the Municipal Corporation of Delhi becomes a buzzing hive of commerce at 6 pm every day. The doors of Children’s Development Bank — India’s only bank chain run by children — are open for business.

By day, the premises serve as school that also serves midday meals to children. But as the day comes to close, the child-adults swagger in. These are rag-pickers and daily wagers engaged in menial labour — washing utensils at weddings, for instance.