Polite Masaka, a farmer in Manangwonzi, Zambia, has transformed her life through the Manangwonzi Savings Group. By pooling resources and promoting collective financial strategies, local communities are building resilience against climate change. Polite has expanded her farm significantly, showcasing the transformative power of saving groups in tackling economic and environmental challenges.
On a sunny morning in Manangwonzi, Polite Masaka, a dedicated farmer and grandmother, prepares for her community meeting. She heads to the biweekly gathering of the Manangwonzi Savings Group, where in just six months, she has experienced significant changes in her life.
As the group’s secretary, Polite is known for her cheerful demeanor paired with a strict approach. During the meetings, she ensures focus, imposing a Zambian Kwacha (ZMW) 2 fine for any distractions. “This one hour is serious business,” she states, demonstrating her commitment to the group’s goals.
The Manangwonzi Savings Group functions by pooling members’ funds, which are then lent out with interest to finance various projects. Shares cost only ZMW 20, yet the savings can accumulate notably over time. Polite has saved ZMW 1,360 and received ZMW 12,900 from the last distribution, showcasing the group’s financial effectiveness.
With these funds, Polite has expanded her farm into a diverse operation, now including 25 chickens, 7 pigs, 6 guinea fowl, and 10 goats, significantly diversifying her agricultural output. “I always wanted to raise pigs, and now I can finally do it,” she expresses, highlighting her achievements.
In Monze, Zambia, community members unite to face climate challenges through innovative savings initiatives. By combining resources, they create financial safety nets that boost their ability to confront unpredictable weather and economic hardships. This collective action not only enhances community ties but also strengthens their resilience against climate change impacts.
The story of Polite Masaka illustrates the impact of community savings groups in Monze, Zambia. By pooling resources, participants empower themselves to withstand climate shocks through collective financial strategies. Polite’s transformation from a crop-focused farmer to a mixed agriculture operator emphasizes the potential of grassroots initiatives to drive significant change in local communities.
Original Source: www.undp.org
