Nkhata Bay: World Bank says it will continue supporting safety net programs in Malawi with the goal of improving livelihoods of ultra-poor households.
World Bank Country Manager for Malawi, Greg Toulmin was speaking Thursday after opening Salawe Community Savings and Investment Promotion (COMSIP) Cooperative Bakery in Nkhata Bay District.
We believe that safety net programs can achieve their objectives if the ultra-poor targeted beneficiaries are provided with resources which can help them to embark on economic investments, hence our involvement in funding the construction of this newly opened bakery, said Toulmin
He said the 2015-2016 Demographic Household Survey results indicated that the condition of ultra-poor households had improved in the country, attributing the achievement to Malawi Government safety net programs which are supported by different development partners including World Bank.
We have for the past five years noted improvement in poverty levels amongst beneficiaries of different safety net programs in the country, said Toulmin.
He then commended members of Salawe Community Savings and Investment Promotion (COMSIP) Cooperative Bakery for their hard work and prudent utilization of K4, 171, 110 which the bank provided them for the construction of the bakery.
Hard work coupled with availability of resources can turn around people’s livelihoods and this is what we are witnessing today, he said.
Salawe COMSIP Cooperative Bakery chairperson, Gloria Phiri hailed World Bank for its financial assistance to the grouping.
Our group has a membership of 40 people who contributed money which they realized as wages for participating in public works road rehabilitation project in 2010 and as of July 20th 2018, the group has accumulated MK810, 500. 00 as profit from the bakery business, Phiri said.
Apart from bakery, the grouping has a woodlot as a source of firewood which is used at the bakery.
Source: Malawi News Agency MANA