According to a press release, Amal Foundation, a local NGO, collaborated with IPDC, one of the country’s most recognized financial institutions, to form a project to help combat child marriage in the country.
Both partners worked together to create a one-of-a-kind project to prevent child marriage – the IPDC Child Marriage Prevention Loan, powered by Amal Foundation, which will begin as a pilot project in the Bogura district in March 2022. The Child Marriage Prevention Loan is a conditional zero-interest microfinance loan that assists poor parents in starting long-term businesses if they meet the three criteria listed below. To begin, loan applicants must be the parents of a girl aged 12 to 18 years old. Second, a girl child cannot marry before reaching the legal marriage age. Finally, the female child must be educated until the end of high school.
Through the CMPL, IPDC and Amal Foundation hope to reduce discrimination by providing sustainable income sources to impoverished families in rural Bangladesh. This, in turn, will assist in transforming these girls from burdens to assets, thereby alleviating poverty.
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