A local bank, FDH Bank has donated K2 million to the wife’s of Policemen in the Malawi Police Service to engage in some small scale businesses that can support them and their families.
Head of Corporate Business Banking for FDH Bank, Sitabene Majamanda said the institution, which bought Malawi Savings Bank from government, decided to empower wives of police officers so that they can support their families through small scale businesses while as their spouses are providing noble safety and security service to the country.
“We know the great job that the police men do. They are so many of them but we thought about their wives that are sitting at home supporting the men that are out to do the job. So our management was pleased to support this initiative because it is part of women empowerment,” said Majamanda.
“When our police officers are sure that their spouses are generating extra money, they can have peace of mind while carrying out their duties,” added Majamanda.
The wife of Inspector General of Police, Ruth Kachama, chairperson for the Police Officers Wives, said the donation will boost their Welfare Fund established a year ago when President Peter Mutharika made a donation worth K5 million.
“This is good gesture and will assist us very much and empower the wives of police officers” said Mrs Kachama.
Kachama said some of the businesses that Police wives do include poultry, groceries and other small scale businesses.
The K2 million revolving fund will be fully administered by the Malawi Police Service without the FDH Bank involvement.
However, the bank will continue supporting the women by providing some training through business clinics to help them gain basic skills for running small businesses. The first lot of women have already undergone this training.
The police women will be able to borrow small amounts that they need to do some small scale business. When they borrow the money, it will have a 6 months grace period after which they are expected to repay it without interest. The repaid amounts will allow the other women to also borrow from the revolving fund.
According to the Bank, there is free interest because the donation is coming as cooperate social responsibility and women empowerment.Follow and Subscribe Nyasa TV :