Friday, August 19, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Salima Comsip Cooperatives savings hit K136m

by Christopher Jimu
07/08/2018
in Business News, Editors Pick
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

Salima Community Savings and Investment Promotion (Comsip) Cooperatives savings have hit K136 million, thereby enabling the group to lend money to members to improve their welfare.

In an interview on the sidelines of the district’s Comsip Open Day at Kazizidwe Comsip Cluster in Traditional Authority Ndindi, Salima district community development officer Brighton Chunga said the welfare of members has improved and more people are joining.

Gondwe: We lend money to our members

He said: “There are 96 Comsip groups in Salima, 45 cluster groups and 12 cooperatives. These cooperatives have money in excess of K136 million and its assets and loans are also rising. This is no mean achievement and the fact that more members of the cooperatives are women, is helping to reduce gender-based violence.”

On his part, Comsip Cooperative chief executive officer Tenneson Gondwe said the group plans to set up a separate company, expected to be in operation by September this year, to lend money to Comsip members.

“As Comsip, we lend money to our members as a start-up and we also encourage good nutrition as well as proper sanitation. It is sad that in one year, Salima lost 63 children due to malnutrition.

“This situation should never happen again and we will be setting up a company where Comsip members will be able to borrow money. We do not want our members to be going to other institutions to borrow money at high interest rates,” he said.

Salima District Council senior assistant human resources officer Lameck Machisa commended Comsip for changing people’s lives, saying most members are engaging in businesses.

“What Comsip has done in Salima and the country is commendable. By teaching these people how to save, you have empowered them.

“Now they can grow crops on their own, rear livestock and even have decent houses with corrugated iron sheets,” he said.

Previous Post

Sharrif, Phambana win Mulanje Mission golf

Next Post

Escom’s tariff hike plan faces hurdles

Related Posts

Business News

Ecobank Malawi rolls out new digital promotion

August 19, 2022
Business News

Firms decry proposed electricity tariff hike 

August 19, 2022
Business News

Slow pace of development worries Planning Commission

August 19, 2022
Next Post
A cross-section of stakeholders listening to a presentation during a similar meeting in Blantrye

Escom’s tariff hike plan faces hurdles

Opinions and Columns

My Turn

Diagnostic tech cost on patients

August 19, 2022
Business Unpacked

Why public debt should worry every patriotic Malawian

August 18, 2022
Rise and Shine

How to triumph in interviews

August 18, 2022
My Turn

Making briquettes at Malasha

August 15, 2022

Malawi-Music.com Top10

Trending Stories

  • Court snubs tenants on govt houses

    0 shares
    Share 0 Tweet 0
  • ‘Blantyre derby could have fetched more’

    0 shares
    Share 0 Tweet 0
  • Why graft cases stall

    0 shares
    Share 0 Tweet 0
  • World Bank protests K14bn ICT contract

    0 shares
    Share 0 Tweet 0
  • 3 prisoners ‘forgotten’ on death row

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.