Bank of Maldives (BML) provided financial assistance to further develop a park near the historically significant area of Koagannu Cemetery in Hulhumeedhoo, Addu Atoll under its 'Aharenge Bank' Community Fund.
The park, initially established by the island's residents in Raafalhaa Beach, which is located in the vicinity of Koagannu, was further developed into a recreational area for visitors and residents of the island.
BML's Manager of Public Relations Mohamed Saeed highlighted that the project was launched on the initiative of several Hulhumeedhoo women who also participated in the effort.
"We are pleased to contribute to this recreational area for residents of the island and visitors", he stated.
Project leader Fareedha Ibrahim stated that " no one that visits the island leaves without a trip to Koagannu. Years earlier this area was abandoned and overgrown. We wanted to create a pleasant environment for visitors. We received BML assistance while our efforts to revamp the area were facing delays due to the need to raise our own funds".
Raafalhaa Beach is commonly used as a venue for women as well s middle-aged and senior citizens to hold social gatherings. Awareness programs on health and lifestyle as well as celebrations are also frequently hosted on Raafalhaa Beach.
'Aharenge Bank' Community Fund is a nationwide campaign to empower individuals to contribute to society by conducting sustainable community projects.
During each quarter of the fiscal year, BML selects and allocates MVR 50,000 to five projects in the areas of education, environment, sports and community development under the Aharenge Bank Community Fund. In 2019, BML contributed MVR 1 million to support projects in 20 islands across Maldives.