{"id":2585,"date":"2019-10-31T16:00:20","date_gmt":"2019-10-31T16:00:20","guid":{"rendered":"http:\/\/www.karongadiocese.org\/?p=2585"},"modified":"2019-10-31T16:00:20","modified_gmt":"2019-10-31T16:00:20","slug":"village-savings-and-loan-constructs-a-house-for-tiness-silumbu","status":"publish","type":"post","link":"https:\/\/www.karongadiocese.org\/index.php\/village-savings-and-loan-constructs-a-house-for-tiness-silumbu\/","title":{"rendered":"Village Savings and Loan Constructs a House for Tiness Silumbu"},"content":{"rendered":"\n

By Gibson Ngwira <\/strong><\/p>\n\n\n\n

Tiness Silumbu was yet to live in a better house\nthatched with corrugated iron sheets since her birth and little did he know she\nwould ever live in such a house when she joined a village savings and loan\ngroup in her village. <\/p>\n\n\n\n

The Integrated Rural Development Project through the\nDiocese of Karonga mobilized communities to form village savings and loan\ngroups to help households save money and access small loans. <\/p>\n\n\n\n

It is from here that Silumbu joined the group in her\nvillage and started to buy shares and and borrow for her small business. She\nhad shares amounting to 1500 Malawi Kwacha. <\/p>\n\n\n\n

Using money borrowed from the village savings and loan\ngroup, Tiness Silumbu started to sell ripen bananas and tomatoes within her\nvillage and at the trading centre near her home. <\/p>\n\n\n\n

\u201cWhen I joined the village savings and loan group in\nmy village, I thought it was a mere fallacy,\u201d<\/p>\n\n\n\n

\u201cThen the Field Officer for the project explained to\nus the importance of joining village savings and loan groups,\u201d <\/p>\n\n\n\n

\u201cThen our money grew and each member started accessing\nsome loans from the group for our businesses\u201d, narrated Silumbu.<\/p>\n\n\n\n

Tiness Silumbu says that she used to borrow money from\nher group in the range of 10,000 to 15,000 Malawi Kwacha for her business and\npaid back the loan without problems and kept the profits. <\/p>\n\n\n\n

She says that she realizes 7,000 to 9,000 Malawi\nKwacha per market day which falls once a week. It is from here where Silumbu\ndecided to invest her money into the construction of a house and managed to buy\niron sheets.<\/p>\n\n\n\n

\u201cI could buy iron sheets little by little until I bought\n36 iron sheets,\u201d said Silumbu. She continued to say that some of the money was\nused to buy timber and nails for roofing.<\/p>\n\n\n\n

She has now constructed a 3 bedroomed house with iron\nsheets from the proceeds of village savings and loan (VSL). She is also a\ncommunity agent for VSL where she monitors other groups in the area. <\/p>\n\n\n\n

\u201cIt is hard these days to access loans from people\nwithin our village and if you are given such loans, the interest rates are too\nhigh\u201d, said Silumbu. <\/p>\n\n\n\n

She continued to say that the formation of village\nsavings and loan groups in the area has really helped her and fellow members to\nkeep money and access some loans at low interest rates. <\/p>\n\n\n\n

\u201cThe coming in of this project has really uplifted our\nlives, not only on village savings and loan but also in increasing our\nagricultural production through use of manure and management of natural\nresources,\u201d said Silumbu. <\/p>\n\n\n\n

Tiness Silumbu joined village savings and loan group\nin January, 2017. During sharing out of the money, she had the highest share of\n62,000.00 Malawi Kwacha. She hails from Kapoka 4 village, Group Village Headman\nMwenekapoka in T\/A Mwenemisuku, Chitipa District. The group has 14 members, (11\nwomen and 3 men).\n\nThe Integrated Rural Development Project is\nimplementing its activities in Traditional Authority Mwenemisuku, Mwaulambya\nand Mwenewenya in Chita District and Kyungu in Karonga District with funding\nfrom Misereor in Germany.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

By Gibson Ngwira Tiness Silumbu was yet to live in a better house thatched with corrugated iron sheets since her birth and little did he know she would ever live in such a house when she joined a village savings and loan group in her village. The Integrated Rural Development Project through the Diocese of […]<\/p>\n","protected":false},"author":2,"featured_media":2586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"iawp_total_views":10,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-desk"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/posts\/2585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/comments?post=2585"}],"version-history":[{"count":0,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/posts\/2585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/media\/2586"}],"wp:attachment":[{"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/media?parent=2585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/categories?post=2585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karongadiocese.org\/index.php\/wp-json\/wp\/v2\/tags?post=2585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}