SMEDI Regional Manager for the North Denis Msakwiza was speaking in the area of Traditional Authority Kilupula in Karonga district when he closed a two week training session for 15 Village Bank group with financial assistance from FDH Bank.
Msakwiza said groupings (Village Saving and Loans) assist people to alleviate poverty especially among women in the country.
“These groups has a large membership of women so they assist in poverty alleviation especially in the rural areas,” said Msakwiza.
Turning to the training, the SMEDI Boss in the North said they covered a lot of topics ranging from business management to VSL Group management.
“We have taught them business management, i.e. researching for business opportunity, how to do business ……and also group organization i.e. saving money in banks, how to share including making a constitution,” explained Msakwiza.
Maureen Nalikungwi of FDH Bank said the bank came in to assist in capacity building in inculcating the saving culture among Malawians.
As a Malawian bank FDH decided to assist in funding the training after receiving a request for the need to build capacity to members of the VSL groups,” said Nalikungwi who is branch Manager for FDH Bank at City Centre in Lilongwe.
Maureen also added that it was the hope of the bank to see that the groups grow after attaining the training.
“We want these bank to be saving with our bank for the safety of their money so that they grow from their investments,” said Maureen Nalikungwi.
Representing Traditional Authority Kilupula was Gibson Kawonga who thanked FDH and SMEDI for the training which he said will assist to alleviate poverty among people in his area.
“As Traditional Leader, I should thank FDH Bank and SMEDI for training my people in financial management in the VSL groups. The training has helped group members to manage their village banks,” said Kawonga who is also TA Kilupula`s Counselor.
He however asked SMEDI and FDH Bank to extend the training sessions to the rest of the area saying most groups lack skills in managing their groups.
One of the Participants in the training Alinuswe Kauchepe Mwatwabana said the training has equipped them with skills in business management including VSL group organization.