Bishop Mchombo Stirs Malawi Savings Craze

Anglican Bishop Mchombo started a new Savings Ministry to help people save money for better lives. The K80 million project runs for three years with the UK group Five Talents funding. It works across 19 parishes under the Upper Shire Diocese. The church wants to teach saving skills that lift poor families. The program offers business training to grow homes and churches together.

Many people earn money but need help managing it well. The church plans to teach money skills and create local savings groups. This work should improve schools, health care, and local buildings. Bishop Mchombo said many borrow cash at high rates because they cannot save, making them poorer. The church aims to support both faith needs and daily life struggles.

Winnie Sadyalunda from St. Veronica at Mponda's Parish likes the new plan. She thinks it will help church members become money-savvy. The launch happened at the Chilema training center in Zomba. Leaders hope better money habits will strengthen whole communities. Members can learn to build wealth instead of falling into debt.
 

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