Secure Livelihood
Secure livelihood is a component under Tasintha project which aims at household economic empowerment through
(i) Village Savings and Loans schemes,
(ii) Access to credit facilities and business management and
(iii) value addition.
Under Village Savings and Loans Schemes, Tasintha project promotes self-selected groups which comprise community members which congregate based on trust to pool their money in a fund from which members borrow and refund with interest causing the fund to grow. The meetings have a running cycle after which they share out their savings alongside their accumulated interests. VSLs have proven to be an intermediate money solution and a domestic saving mechanism for rural communities.
Under business management and credit facilities, Tasintha project promotes beneficiaries’ involvement in income generating activities to help increase their household income. Furthermore, to increase beneficiaries’ access to credit facilities, Tasintha project provides a seed capital to help move beneficiaries from small enterprises to medium enterprises.
Finally, under value addition, Tasintha project envisage establishing a peanut/groundnut oil processing facility to increase smallholder farmers’ access to value addition activities. The cooking oil produced will be distributed through stable market channels targeting both the rural and urban communities across Malawi. Thus, increased value chain activities will translate into increased agricultural returns for Tasintha beneficiaries and at the end of the project beneficiaries will realize improved household income which will help in securing their livelihoods.
(i) Village Savings and Loans schemes,
(ii) Access to credit facilities and business management and
(iii) value addition.
Under Village Savings and Loans Schemes, Tasintha project promotes self-selected groups which comprise community members which congregate based on trust to pool their money in a fund from which members borrow and refund with interest causing the fund to grow. The meetings have a running cycle after which they share out their savings alongside their accumulated interests. VSLs have proven to be an intermediate money solution and a domestic saving mechanism for rural communities.
Under business management and credit facilities, Tasintha project promotes beneficiaries’ involvement in income generating activities to help increase their household income. Furthermore, to increase beneficiaries’ access to credit facilities, Tasintha project provides a seed capital to help move beneficiaries from small enterprises to medium enterprises.
Finally, under value addition, Tasintha project envisage establishing a peanut/groundnut oil processing facility to increase smallholder farmers’ access to value addition activities. The cooking oil produced will be distributed through stable market channels targeting both the rural and urban communities across Malawi. Thus, increased value chain activities will translate into increased agricultural returns for Tasintha beneficiaries and at the end of the project beneficiaries will realize improved household income which will help in securing their livelihoods.
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