February 14: Kumari Bank Limited has provided financial assistance to Food for Life Nepal, as part of its corporate social responsibility. The said-organization is a non-profit, charitable public trust working with the mission of mitigating the nutritional barriers in children's education via provision of mid-day meals to children from low-income and underprivileged families in Nepal who are enrolled in community schools.
Several studies demonstrate strong correlations between nutritional deficiencies in children and poor academic attendance and performance, the bank said in a statement. For households with budget constraints, already stretched by rent and utilities, nutritional needs, though crucial, often remains an afterthought, according to the bank.
“With the core-intention of eradicating the detrimental impact nutritional deficiencies can have on children's educational development, the bank has extended a financial support of Rs 500,000 as a gesture of encouragement and support to the noble undertakings of Food for Life Nepal,” the statement said.
Kumari Bank’s Deputy CEO Rajib Giri handed over the cheque to Food for Life Nepal’s Head of Operations Apara Thapa Bhattarai amid a function on Thursday (February 13).
The bank said it has been religiously abiding by its CSR through active involvement in a diverse range of activities focused on health, education, environment, and heritage sectors.