Bank of Maldives has opened applications for proposals under its Community Fund for the first phase of the year.

The applications process was opened on Wednesday.

The fund is open for registered NGOs to access funds up to MVR 50,000 to implement local projects in the areas of environment, education, sports and community development. In this phase, 10 projects will be selected from the proposals received. Similar to previous years, a total of 20 projects will be funded during this year.

The application deadline is 15th April 2023. Application form and proposals should be emailed to [email protected].

Very recently BML announced the successful completion of three projects under the bank's Community Fund initiative.

BML disclosed that they have successfully completed the projects in Hulhudheli Island in Dhaalu Atoll, Mundoo Island in Laamu Atoll and Fonadhoo Island in Laamu Atoll.

As such, under the Community Fund, a fish filleting platform was established in Hulhudheli Island. BML highlights that this will be utilized by the fishermen and the residents of the island.

The project was initiated by Hulhudheli Island Society and Sports Association.

Additionally, a waiting area at the harbor was developed in Mundoo Island. The waiting area is equipped with huts and wooden benches to provide shade and a resting area for residents and travelers

The project was conducted by Mundoo Zuvaanunge Jamiyya.

The project in Fonadhoo Island saw the digitization of four classrooms in Laamu Atoll Education Centre.

Community Fund is a program to empower NGOs to contribute to their communities through sustainable projects. The bank has provided funding for 80 projects across the country under this fund over the past 4 years.