Business News Update: Amãna Bank and MegaPay (Pvt) Limited recently concluded an agreement to facilitate public donations to Amãna Bank OrphanCare Trust.
The partnership will enable the general public in Sri Lanka to directly donate to the Bank’s flagship CSR venture through Pay&Go’s island-wide network of payment kiosks.
Launched in 2019, Orphan Care is an independent trust enabled by Amana Bank dedicated exclusively towards addressing an important yet unattended need of Orphan children, which is providing qualitative and financial support as they are forced to leave institutional care upon reaching the age of 18.
With over 14000 registered orphans reported in Sri Lanka, the Trust has to-date enrolled over 2500 orphans represented by 75 orphanages to its OrphanCare program. The Bank has further set its sights on reaching out to all orphans in the country.
The Bank’s Orphan enrolment process is in alignment with Article 2 of the United Nations Convention on the Rights of the Child where enrolments are irrespective of the child’s or their parent’s or legal guardian’s race, colour, sex, language, religion, political or other opinions, national, ethnic or social origin, property ,disability, birth or any other status.
Sharing his views on this partnership, Head of OrphanCare Azad Zaheed said “We are truly excited to have launched our new donation platform with Pay&Go. This provides every person the convenience to support orphans, who rank among the most vulnerable segment of society. We are hopeful and confident that the general public will be touched and driven by this noble cause and we hence extend our invitation to the public to join hands with us in making a difference to the lives of these young adults who for too long , have been forgotten and neglected. Every rupee donated to OrphanCare will be allocated exclusively for orphan accounts as Amãna Bank will bear all operating and administrative costs of the Trust.”
General Manager of MegaPay (Pvt) Ltd Vardan Aslibekyan opined “We are delighted to partner with Amana Bank in their unique CSR venture by enabling a platform for the general public to conveniently donate towards this noble cause, a cause which empowers Orphan children of Sri Lanka to make a choice towards their future. Pay&Go have transformed the way Sri Lankan’s make everyday payments by taking every measure to ensure convenience, through placing kiosks in all prominent locations and customer hotspots. ”
Expressions of support to OrphanCare can be communicated via e-mailing firstname.lastname@example.org or calling 011 775 6 775.
Amana Bank PLC is a standalone institution licensed by the Central Bank of Sri Lanka. It is listed on the Colombo Stock Exchange and the Jeddah based Islamic Development Bank Group being its principal shareholder having a stake of 29.97% of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with an authorized capital base of over USD 150 Billion and has a membership of 57 countries. In June 2019 Fitch ratings affirmed Amana Bank’s National long term Rating of BB (lka) while revising its outlook to positive from stable, Amana Bank does not have any subsidiaries , associates, or affiliated institutions representing the Bank.