IFAD Tips Social Cash Transfer Beneficiaries to Invest In Income Generating Activities
An International Agricultural funder-International Fund for Agricultural Development (IFAD) has tipped beneficiaries of Social Cash Transfer to invest the little they are receiving in income generating activities.
IFAD Senior Regional Specialist for Rural Finance Markets and Enterprises, Sauli Hurri, said this on Friday in Mulanje when officials from IFAD, COMSIP head office and Financial Access for Rural Markets, Smallholder and Enterprises (FARMSE) had an interaction with Chizu COMSIP cluster.
“By investing say like in businesses and farming, they will be able to sustain their livelihoods after graduating from the Social Cash Transfer,” said Sauli.
A member of Chizu COMSIP cluster Mr. Kenson Thamangira said the knowledge he gained on climate smart agriculture from COMSIP through Building Sustainable Livelihoods for Ultra-Poor (BSLUP) project, he will harvest bumper yields on a very piece of land he used to harvest little yields before.
“We have been toiling on this quarter acre of land for years with only handful harvests and we really thank COMSIP for their technical support on modern farming technologies like manure making and utilization,” said Thamangira.
COMSIP Chief Executive Officer Tennyson Gondwe said while the project is going on smoothly, low participation of men remains a challenge.
“As COMSIP we will continue supporting these Ultra-poor families in their clusters through BSLUP until they graduate and become economically independent,” said Gondwe.
FARMSE Program Coordinator Dixon Ngwende said it is encouraging to see COMSIP members fast adopting technical advises on entrepreneurship and modern farming technologies.
“Hearing a local farmer testifying that after adopting climate smart agriculture, will harvest enough food, as FARMSE we are really satisfied that the project is yielding desired fruits,” said Ngwende.
Currently Chizu cluster established in November last year has a capital of K419, 000 and the cluster expects to raise its capital to K6 million by 2022.