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Comsip urges members to save more

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Community Savings and Investment Promotion (Comsip) representatives have urged members of their cooperative unions to save their monetary proceeds if their lives are to be transformed economically.

Cooperative unions under Comsip venture into crop and livestock production, including other small-scale businesses from which they help their families.

This follows a media tour of Zomba meant to learn more about operations of Comsip and what business and economic activities unions do on the ground.

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Comsip Information and Communications Officer, Emmanuel Muwamba, said Nyambwe Cooperative Union members are on track to achieving objectives of the organisation.

The union, which comprises 14 members, has a groundnuts village bank and goats rearing among other businesses that are meant to change the lives of members.

The union is expected to harvest 30 bags of groundnuts and prospects are high they would invest part of the money from groundnuts into livestock production.

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“These women also promote the issue of shares where they invest their money. There are many benefits that these women have gained at individual level. But we advise them to continue thinking business in their transactions,” Muwamba said.

Most of the women that are members spoke highly of Comsip’s activities, saying they can now afford to buy basic needs in their respective homes and pay school fees.

Currently, Comsip works with over 400 Comsip primary cooperatives and more than 4,500 groups and 116,972 members cumulatively.

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