Global Shaper's Hub Thimphu Global Shapers Hub Thimphu

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

What this show is about:
Phuntsho, Srijana, Pelmo, and Namgay come together, once every month to talk about money— how to get it, keep it and grow it. They are not experts, they have made plenty of mistakes and have a lot to learn, and they are here to take you along on their journey.
Brought to you by Global Shapers Thimphu Hub. Recorded at Radio Valley, Thimphu.This episode, get to know who we are- we share our earliest memories and misconceptions about money and our goals to get better with money.
Srijana mentions her open reduction internal fixation on her left humorous. It means that she had surgery on her left arm. Don’t goggle it, the pictures are gory!!!
Pelmo mentions:


Budget tracking apps: You can find various in the app store. We have used Wallet, Money Manager, ToshL, and Monefy.
Bullet Journaling. You can find out more about it here:

Namgay mentions online courses. She loves Coursera. Through MoLHR, you can sign up for a course on Coursera and get a certificate for free:
Phuntsho asks what happened to coins in Bhutan? If you know, let us know. We @shapersthimphu on Instagram, Twitter, and LinkedInThis is a message to our parents: We still love you, despite messing us up.