The NgulDumbs are currently at home, with Bhutan into its second lockdown, which Thimphu and Paro are still under. We have decided to remotely record this podcast. NgulDumbs Namgay, Pelmo, Pema Seldon, Jigme Ugyen, Phuntsho and Srijana cover financial services – banks, borrowing, credit checks and insurance— to help you understand how it can be useful for you We are @shapersthimphu on Facebook, Instagram, Twitter, and LinkedIn Show Notes: 1. “The Bhutan Financial Inclusion Focus Group Survey (2012) states that Bhutan is still very much a cash based economy with informal savings and lending culture.” Source: http://crossasia-repository.ub.uni-heidelberg.de/3745/1/Bhutan%20Connecting%20Disconnected.pdf 2. “Another report states that only 68% of adult population as of 2019 is banked!” Source: The Bhutan Financial Inclusion Focus Group Survey at https://www.rma.org.bt/RMA%20Publication/papers/State%20of%20Financial%20Inclusion%20Report%202019.pdf 3. A helpful guide on interest rate comparison among Bhutanese banks: https://www.diwaspuri.com/blog/bank-for-your-buck/ 4. Muhammad Yunus, a Bangladeshi economist was awarded the Nobel Peace Prize for founding the Grameen Bank which pioneered the concepts of microcredit and microfinance. Read more about how microfinance lending empowers the most vulnerable and excluded people in society: https://medium.com/@chrisstatham_13858/101-an-introduction-to-microfinance-dd7988c38696 5. If you need a self inquiry credit check, get the form here [Either email it or drop it at their office at the NPPF building]: https://www.cib.bt/ProductAndServices/Downloads.aspx 6. Thinking of buying an insurance policy? Learn more about life insurance: https://www.youtube.com/watch?v=AgBhy8iXjpI&ab_channel=TwoCents