The Manyamula COMSIP cooperative – a truly locally-led savings and loans organization – has long been a fixture in this rural village in Malawi.The low-interest loans and safe savings have allowed its 180 members to invest in their future and prosper. Now they are building a meeting room (they will not have to pay rent anymore!) and an attached training center to teach people to run similar cooperatives in other villages.
“Apart from the social and economic impacts, the infrastructural image of buildings being erected at the Cooperative premises is the talk of the community,” reports Canaan Gondwe, long-time SIA partner and Manyamula COMSIP Coordinator. “This construction of the Training centre has completely changed the appearance and growth of Manyamula community.”
And it’s not just the talk of the village! Word is spreading: “The District Assembly of Mzimba which comprises of Government departmental leaders, Members of Parliament and Councilors paid a visit to the cooperative in their routine inspection of development projects. They were greatly amazed at the project in progress. We highlighted of our contributions and also of SIA as our partners.”
COMSIP Cooperative members have contributed all the bricks, lime and sand for the construction, in addition to two grants from the SIA Community Grants Fund.
One of their biggest challenges is that the Malawian currency keeps being devalued, increasing the prices of imported items like cement. The cooperative is planning to set aside savings each quarter to pay for future repairs, “to sustain our beautiful buildings.”
Canaan concludes: “The Manyamula COMSIP Cooperative, in true partnership with Spirit in Action, is in the business of changing lives and communities. Manyamula community is indeed grateful to God for this abundant Grace.” We are honored to be in partnership with such a dynamic and impactful community organization!