By Draxon Maloya
Program Implementation for Ultra Poor Graduation on Course.
Close to 400 000 ultra poor people in the country are expected to graduate from the Jaws of poverty following the implementation of Financial Access for Rural markets Smallholders and Enterprises Program (FARMSE) .
This was disclosed by the FARMSE programme’s coordinator, Dixon Ngwende during a day long media orientation workshop in Mzuzu on Friday .
Ngwende said this program will benefit the intended beneficiaries as it aims at increasing access to new innovative financial services and low cost delivery mechanism for poor rural households and Small and Medium Enterprises (SMEs).
He further said the initiative will also support in the scaling up of proven financial services and delivery mechanisms.
“The programme is aimed at strengthening to support FARMSE to earn the trust and confidence among local leaders and beneficiaries,
” It shall also improve food security to ultra poor women headed households and youths graduate from abject poverty,” Ngwende said.
And in his remarks one of the workshop participant George Chitaya hailed FARMSE for the timely engagement of the media practitioners in their program saying this has equipped them with the skills and knowledge on how to report about the project.
“It’s nice to know what you’re reporting about, so this workshop has enabled us, the media practioners to know exactly what the program is all about,” Chitaya said.
The program which is aimed at promoting access to rural financial services in all the districts across the country is expected to establish a total of 2535 Community Based Financial Organizations ( CBFO) and strengthen 5915 existing ones hence benefit more that 211 250 Malawians.
The program will run for seven years and is funded to a tune of US57.7 million from Government of Malawi and the International Fund for International Agriculture Development (IFAD).