Dedza VSLs save K0.5 billion

Dedza, The Dedza District Community Development Office (DCDO) says village savings and lending (VSL) groups in the district have accumulatively saved over K500, 000 000.00 since January this year.

Speaking in an interview on Thursday, District Community Development Officer (DCDO) for Dedza, Mary Gama said there are over 1000 VSL groups in Dedza which were established and trained by her office as well as some other partners, including nongovernmental organisations.

We have managed to mobilize 445 VSL groups which we have also trained in group dynamics, leadership and business management. We also acknowledge the good work being done by our NGO partners who are also establishing additional VSLs in the district, she said.

She said the VSLs have improved the quality of life for many households as they are able to easily access soft loans to start up small businesses.

Gama added that VSLs are one of the approaches being used by the Ministry of Civic Education, Culture and Community Development to uplift lives of people especially the rural poor.

VSLs are part of community empowerment programs which we are implementing with the aim of eradicating poverty. We are specifically targeting households which are vulnerable but capable of uplifting their status, she said.

Gama commended the council secretariat and German International Cooperation (GIZ) for giving her office technical support in mobilising the groups.

Director of Planning and Development for Dedza, Emmanuel Sohaya, encouraged the DCDO to continue with the VSL program, saying it does not only uplift the lives of people in the community but also contribute directly to the growth of the national economy.

Source: Malawi News Agency MANA