Bank of Maldives has launched an online fundraising platform.
‘Kindly by BML’ is the first of its kind launched in the Maldives.
The country’s national bank revealed that the new online fundraising platform was launched as part of BML’s series of 12 high-impact monthly community initiatives leading up to its 40th anniversary to be celebrated in November 2022.
BML revealed that the “safe”, “secure” and “user-friendly” platform can be used by NGOs to create fundraising campaigns and accept donations to create social impact in their field of work.
The fundraisers have the option to create multiple campaigns, keep track of donations through easy-to-generate reports as well as promote campaigns across social media platforms.
Registration on the ‘Kindly by BML’ platform is open for locally-registered NGOs with a minimum of two years in operation.
Commenting on the initiative, the CEO and Managing Director of BML, Timothy Sawyer revealed that the idea behind the platform is to provide a safe and secure space for both fundraisers and donors to create relevant, current campaigns and enable donations from well-wishers.
Highlighting that kindness goes a long way, Sawyer expressed hope to enable change for Maldivians through the initiative.
We are delighted to launch the first online fundraising platform that allows the public to donate funds securely to campaigns run by NGOs. Crowdfunding is popular across the world. The idea behind Kindly is to provide a safe and secure space for both fundraisers and donors to create relevant, current campaigns and enable donations from well-wishers. Kindness goes a long way, and we hope to be an enabler of change for Maldivians through this initiative.”Timothy Sawyer, BML’s CEO and Managing Director.
Interested individuals may acquire further information through the ‘Kindly’website.
The country’s national bank launched its scholarship fund during November 2021 as a first of the series, where fully funded international scholarships for three students in the area of Banking and Finance will be provided every year. Open to all, the fund carries the purpose of developing talented young Maldivians in the field.
The second event is the refurbishment and upgrading of the Maldives National Library, announced in December 2021.
The third event, launched in January 2022, is the ‘Startup Grant Fund’, that will pave the way for emerging entrepreneurs to win a grant funding to start or grow a business in the Maldives.
BML launched the ‘Housing Grant’ as the fourth initiative in February this year, with an aim to support vulnerable families by building and furnishing houses for three underprivileged families across the country.
Fifth comes the ‘Small Grants’ initiative which was launched in March, through which eight winning projects will be selected to win a grant of MVR 250,000 each, to implement their plan successfully.
The sixth initiative was launched in April, through which the Home for People with Special Needs (HPSN) in Guraidhoo island of Kaafu atoll will be refurbished and upgraded. The work is now reported to be underway.