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Children’s Development Bank

The Children’s Development Bank (CDB) is another innovative initiative started in 2001 to empower children and adolescents to cultivate independent and responsible monetary savings. This is an alternative banking system exclusively managed by the children. Passbooks are issued to members and they use simplified forms of remittance and withdrawal. The Children’s Development Bank is a school for learning management, democracy, leadership and accountability. This Program was started by butterflies Initiatives, India. Jeeva Jyothi is a partner agency for the Tamil Nadu Region. Through the CDB, Children can put money aside for themselves without any anxiety that it will be lost or stolen, save for things that they need or want such as clothes, plan for start future by saving for education and training as well as start their own enterprises.

Child Development Bank