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The National League for Democracy announced last week it raised about US$350 thousand from a fundraising event in late December.
Funds from the December 27-28 event will go towards supporting education, with about $125,000 to be given to schools in the party’s education network and about $60,000 to schools abroad for the children of Myanmar migrant workers, U Phyo Min Thein from the education network said on January 6.
About $117,000 will be put in a bank account, with the interest used to provide scholarships to 40 outstanding students who cannot afford to continue their education.
About $350,000 was generated by the event, which cost around $233,000 to hold, said U Phyo Min Thein. He said an external auditor will be brought in to ascertain the final profit.
But donations were still being received last week, said U Aung Htike, also from the education network.
People who still want to donate can do so via bank transfer to accounts named “NLD Network” at Asia Green Development Bank, Kanbawza Bank and CB Bank, he said.
Dr Thein Lwin, also from the education network, said prospective scholarship recipients would be screened to ensure the party supported the most needy students.
Support to schools outside Myanmar will be carried out in coordination with Dr Cynthia Maung of the Mae Tao Clinic, he said.