Business, Community, Malawi

New income generating activity at NYM

Nyumba ya Masambiro education centre has set up a new Income Generating Activity for the benefit of the community. They have become an Airtel Money agent. Airtel Money is a mobile commerce service offering money transfer by phone run through the Airtel telephone network by means of an app and SMS messaging. This service gives community members access to sending and receiving money digitally to any registered number anywhere in the country. A digital service of this kind breaks the circular economy experienced within remote communities such as Ruarwe and its surrounding areas by allowing community members to engage in financial communication nationally and opening the doors to wider buying and selling inside and outside the community. It has been a heavily requested service and the team are delighted to have been able to set this up. Since starting as an agent hundreds of thousands of Malawi Kwacha have been transferred in private transactions into and out of the community, each transaction earning a nominal commission fee, which can then be returned back into the education centre to fund the ongoing community activities available to all community members.

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