Malawi Federation Unveils Daily Savings Trophies

The Malawi Homeless People's Federation has unveiled trophies at both region and district levels and Blantyre is February 2011 winner of the regional trophy for the Southern region. Blantyre district has tumbled eight other district after registering a record of MK 276,259.00 in daily savings from 333 active centres.

The daily savings a.k.a Makhodo refer the money that members of the Federation save in groups/ centre to meet their individual future needs. Apart from saving their money, the members also benefit from borrowing the money from the groups to start small businesses as well as paying school fees for their children among other things.

CCODE in alliance with the Federation has introduced the trophies to steer competition among the savings groups and to promote a savings culture among the poor in all the four regions and 28 districts in Malawi. Savings are a form of security for future expenditure and economic self sufficiency.

 (Left: Champions: Members of Blantyre District Federation. The small trophy has gone to Angelo Goveya Centre, which had the highest savings in Blantyre district)

                                                         This is how the districts saved

"Blantyre has won now and they should not think that they will retain the trophy...We are coming to get it to Mulanje next month..."- Mulanje district leader. Mulanje came second.