Community Service and Investment Promotion (COMSIP) is amidst efforts to increase people’s access to products such as savings and loans. COMSIP project manager Ernest Jumbe says the media can help strengthen financial inclusion among Community Based Financial Organizations (CBFOs).
He told the press that Community Based Financial Organizations (CBFOs) are currently facing various constraints so their is a project to address is the capacity gap of CBFOs in providing quality affordable financial services. “..thus the media is key in the transfer of knowledge but also mindset change in the communities in the uptake of services and products,” he said
COMSIP cooperative union limited through financial access to rural markets and smallholder enterprises (FARMSSE) with funding from International Fund For Agriculture Development (IFAD) has implemented the 3-year project in eight districts namely, Karonga, Ntcheu, Neno, Mwanza, Zomba, Phalombe, Mulanje and Nsanje targeting about 9300 people in Karonga and 75000 in total across the country.