Comsip empowers communities in Blantyre through savings, investment

Community Savings and Investment Promotion (Comsip) is helping communities in Traditional Authority (T/A) Lundu in Blantyre on savings and investment following an orientation it is implementing in the area.

Namgoneka Comsip cluster members weaving cane chairs.-Photo by Lisa Vintulla
Members of Nagoneka cooperative display their finished productsin Blantyre-pic by Lisa Vintulla

The exercise aims at promoting community savings and investment among Public Works Programme workers and Social Cash Transfer beneficiaries through the provision of grants and technical support for capacity building and skills development in financial literacy, business management, environmental safeguards, nutrition, and health.

Comsip information, communication and education officer Emmanuel Muwamba said he was impressed with what people have achieved so far.

“Our vision is to promote a vibrant sustainable culture of savings and investment among ordinary Malawians to improve their livelihoods,” Muwamba said.

A member of Namgoneka Cluster, Cathleen Wonga, commended Comsip for the initiative, saying since she joined the cluster, her life has improved because of the small-scale businesses she is engaged in.

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