Western Union gets into CSR
Kathmandu, February 4:
The American money transfer agency, Western Union, for the first time in Nepal has got down to carrying out some corporate social responsibility (CSR) projects. Joining hands with its sole bank principal agent in Nepal, Nabil Bank, Western Union today announced its plans at supporting education of under privileged children and rehabilitation of drug user street children through two organisations, Mary Ward School and Prayas.
It has committed a sum of $10,000 each to these organisations, informed Anil Shah, chief executive officer, Nabil Bank at a press conference today. “This is just the beginning of our efforts at building the New Nepal. Social problems besetting our country can be best addressed by a dedicated group of corporate houses,” said Shah adding, He maintained the intention of both the bank as well as Western Union was not just making donations but building a partnership with the organisations selected. Currently, the money was being used for adding value to education like providing computers for the children at Mary Ward School.
Besides the two Nabil Bank selected projects, Western Union has also pledged individual support of $10,000 each to Kanya Mandirand Friends of Needy Children. “The school which was on the brink of closure due to a fund crunch will now begin its session from April,” informed Atish Krishna Shrestha, Western Union’s country representative for Nepal. He said they plan to spend about $100,000 in 2008. But this time the focus would be on rural areas.