FDH Bank has committed K3 million in partnership with a project by the Ministry of Education, Science and Technology. The project is aimed at helping Cyclone IDAI victims establish Mother Group Community Savings Groups to improve their well-being.
According to FDH Bank Public Relations Officer Lorraine Lusinje, the fund will be distributed to 15 community groups and will aim to ensure the capital investment attracts tangible profits for the groups’ self-sustenance. The project has targeted mother groups because the criteria provides child protection measures including tracking learners absenteeism and supporting parents to address problems, reaching out to orphans and vulnerable learners with basic needs such as school materials and emotional support through guidance and counseling.
The mother groups will be specifically those whose school-going children were affected by Cyclone IDAI in Thyolo, Mulanje, Phalombe, Chiradzulu and Zomba districts. Investing in child-centred, cost-effective and innovative interventions is a wise way of preparing the future we desire for disadvantaged youths of today and FDH Bank believes in that bright future,” explained Lusinje.