Disbursement ceremony of Ma La Kar Chan NAGANI Money Saving Box Association
May 21, 2018 – 2 PM,
The ceremony was held at Pyi Lone Annt Chapel from Ma La Kar Chan Quarter, Mahar Aung Myal Township in Mandalay.
Ashin Zawana (NAGANI Money Saving Box Association – Patron) attended to the ceremony and delivered the speech. After that, each of the fifty-nine members received 200000 kyats and each of the eighteen members received 100000 kyats.
MALAKARCHAN NAGANI money saving box association is number two money-saving box established by Sayadaw Wira Thu. Founded on 17.10.2013. Seventy members in present time. Fifty-nine members are 200000 kyats role and eighteen 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 on the current money saving box and not using on other saving money box.
(Wira Key Mein – Reporter of NAGANI money saving box)
