Charlie - Day # (I don't remember - lost track)
Brad - Fincoop Day 2
After lunch we had a little time to kill so we went back to the hotel for a few minutes and then ventured out to the store so Bruce could support the Malawi tobacco growers. I also took the opportunity to exchange some dollars to Kwacha man do you feel rich when you get MK 17,000 in bills. On the way back to Fincoop Joseph Banana tried to sell Bruce a painting or two, yes his name was Joseph Banana and he wore a yellow vest. With tomorrow being a holiday we will have to find something blog worthy to do, stay tuned.
Robert - Day 2 at MBC SACCO
In Malawi, the SACCO movement started off has a niche-banking system, with a very specific target market – the poor. Chartered Banks were not interested in banking the lower income class of society because it is not a very profitable sector and the risk associated with this sector was deemed excessive. The SACCO target market has changed to some extent and some SACCOs are trying to break this stigma of being the "Banker to the Poor" and operate as a real alternative to the Chartered Banks. The SACCO movement within Malawi truly is alive and well, and it is encouraging to see and hear about growth in SACCOs across the country.