MALABADA BUSINESS COOPERATIVE
Malabada Business Cooperative is a new Malawian firm established and registered in 2021 focusing on developing Blantyre Malabada constituency. The cooperative is championed by member of parliament for the area (2019-2025) Hon Ismail Rizzq Mkumba.
He noted that the constituency Development fund is not enough to develop the constituency. This is because Most Malawians are economically marginalised and do not have the ability to pay the kind of tax Malawi needs to develop. He believes that Malawians have the zeal to grow their finances and develop their communities and as such he initiated the registration of the cooperative.
The cooperative business model will help citizens to grow their finacial base and also develop Blantyre Malabada Constituency and Malawi as a whole.
OUR BUSINESS MODEL
The cooperative will have capital in form of shares and membership. With a highly skilled financial management and operational team, the pooled finances will be invested in different business units approved by the company’s general assembly (Annual General meeting) which comprise primarily members and shareholders.
AREAS OF CONCERN
Increasing Poverty levels
Poverty Levels in Blantyre Malabada Constituency continues to worsen because of little amount of money that is made available to develop the areas. The situation does not mean low political will but the truth is poverty is affecting the tax collection and this result in low revenues for the country
Lack of business capital and opportunity
The fight against poverty is proving to be meaningless as constituents do not have individual capital and opportunity to invest in lucrative businesses. Malabada Business Cooperative will offer the constituents such an opportunity where they can borrow money to invest in a personal business
Lack of Unity towards a common goal
People in Blantyre Malabada Contituency can do many things as a group. Malabada Business Cooperative will try to build the unity of the constituents towards a common goal of poverty eradication and community development.
Services
Why Invest in Malabada Business Cooperative
Malabada Business cooperative has members and shareholders who pool their resources together and invest in lucrative business opportunities. It focusses on growing the interest of the business while also growing shareholders wealth while optimising the businesses of members.
BUSINESS GROWTH
Our focus is to grow the cooperative while developing members businesses
FOCUS ON QUALITY
With quality and dedicated staff, the organisation continues to improve the quality of its offering
CONSTITUENCY DEVELOPMENT
Proceeds from the cooperative are also earmarked for developing Blantyre Malabada Constituency
From Our Founder
Developing Blantyre Malabada and Malawi as whole through Business
Social Enterprise is a powerful tool for ending poverty, bridging the gap in underdevelopment and to facilitate the transition of making Malabada and Malawi financially free through entrepreneurship and investments.