FDH Bank has invested K3 million in a project with the Ministry of Education, Science and Technology (MoEST) that will see 2019 Cyclone Idai victims establishing Mother Group Community Savings Groups to improve their wellbeing.
The initiative will target groups whose school-going children were affected by Cyclone Idai and funds will be distributed to 15 community groups in Thyolo, Mulanje, Phalombe,
Chiradzulu and Zomba districts.
Speaking in an interview, FDH Financial Holdings Limited public relations officer Lorraine Lusinje said the bank is committed to continuous growth and knowing that the 2019 Cyclone Idai reversed some gains Malawi achieved in the recent past, supporting the recovery interventions is inevitable.
She said: “The overall objective is to build
resilience in cyclone-affected school communities as they recover.
“Let us boost their local small scale businesses and motivate the mother groups to carry out monitoring visits and offer basic support to vulnerable children, especially girls confined in homes during this ongoing Covid -19 partial lockdown.”
In her remarks, MoEST Department of School
Health and Nutrition deputy director Virginia
Kachigunda said the impact of recent disasters has greatly disrupted rural livelihoods and exacerbated an already precarious situation of rural households in Malawi, Southern Region in particular