Financial Access for Rural Markets, Smallholders and Enterprises (Farmse) says its programmes are transforming lives, as 1,500 beneficiaries have graduated from its sustainable livelihoods programme.
The initiative was targeting 20,800 people.
Communications specialist for the organisation, Obrien Mandala, said this during a media tour.
“We started our intervention with about 20,800 beneficiaries. Out of these, over 1,500 have graduated by meeting indicators set to be registered as successful.
“Most of the livelihoods have improved because, when the programme was beginning, most beneficiaries under the cash transfer programme did not own livestock or good houses but after our interventions, most beneficiaries now have livestock and permanent houses and are able to send children to school,” Mandala said.
He said, after beneficiaries were trained in how to run enterprises, over 95 percent are still in business.
Levison Joseph, from Samu Village, Traditional Authority Maseya in Chikwawa District, said his life has been transformed.
“I received 300 [United States] dollars in two parts as support from Farmse. Using the first tranche, I bought four goats which have been increasing. I sold some of the goats to build my house. The second part of the money I received was used for buying ironsheets for my house,” Joseph said.
Another component of the programme is supporting bank agents to scale up services in rural areas.
Farmse is a seven-year programme being implemented under the Ministry of Finance and Economic Affairs.