Microfinance Programmes at Champiti and Ligowe Epicentres receive Rural Bank accreditation in Malawi
The goal of the Microfinance Programme in each Hunger Project epicentre across Africa is to graduate (through government recognition) to become licensed and registered Rural Banks, also known as a Savings and Credit Cooperatives, owned entirely by community members and typically managed by a majority female board.
The Rural Bank provides the entire epicentre community (typically 10,000-25,000 people) with sustainable access to savings and credit facilities.
The Hunger Project-Malawi is delighted to announce that its second and third Rural Banks in Champiti and Ligowe Epicentres have now achieved recognition and licensed status by the Government of Malawi’s Co-Operative Societies Act.
To learn more about other new developments in each of these epicentres this year, such as Champiti Epicentre’s expansion of its anti-retroviral programmes for children, get all the latest on the THP-Malawi country page.
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