Comsip trains productive asset transfer beneficiaries

Community Savings and Investment Promotion (Comsip) Cooperative Union Limited has trained 50 asset transfer beneficiaries in management of various businesses to ensure sustainable income.

With funding from the World Bank, the five-day training, which started on Wednesday, aims at moving these households away from consumption and idle labour to more productive self-employment.

Comsip business and marketing officer for the Social Cash Transfer Programme Ernest Jumbe said in an interview in Nkhata Bay that they want to address various social and economic challenges beneficiaries face.

On his part, Comsip chief executive officer Tenneson Gondwe said the productive asset support is premised on the assumption that vulnerable households have the potential to move out of poverty but lack necessary ingredients.

One of the beneficiaries, 76-year-old Lena Phiri, from Khoza Comsip Cluster in Traditional Authority Mankhambira in Nkhata Bay, said she went into goat management because it is not time consuming.

The beneficiaries are being trained in piggery, goat and grocery management and each will receive assets worth K150 000.