A Non-Governmental Organization (NGO) World Vision Malawi has said that Village Savings and Loan Associations (VSLA) popularly known as Banki Mkhonde have improved living standards of people in the Dedza since their inauguration in 2013 in the district. Speaking during a five days training on how to set up small village savings in every village […]
Women from Machinga District Traditional Authority Chitaganya have hailed UNFPAs Gender Equality and Women Empowerment Program(GEWE) for uplifting their livelihoods through the introduction of village savings loans program. Speaking during a three day tour, chairperson of the secretary for the 25 member grouping, Matulasia Anusa, said the women also engage themselves in adult literacy. “We […]
Malawi Police in Chikwawa on Monday locked up a pastor for a K1.2 million debt his wife accumulated from a women’s village bank but she failed to pay back and is now on the run. According to Police, the 49 year old Isaac Siyani, a Lutheran Evangelical pastor at Ngabu in Chikwawa was arrested on […]
A government official has hinted the famous village savings and loans concept is pushing some women deeper into poverty as they fail to come out of their loan bondages prompting them to sell off property to clear debts. Lucy Vumu, Nsanje District Community Officer has since asked non government organisations advocating for the concept to […]
Blantyre Synod and Vision Fund Malawi have promised people of Neno to work together in setting up of Village Savings Loans (VSL) groups to ensure that rural people have access to financial services. Project Officer for Blantyre Synod, Cedric Damala said access to small loans to the rural people can make a big difference in […]