Mzinda Savings and Credit Cooperative (SACCO) is set to cushion its membership from Covid-19 induced economic impact following the decision by the board to release K13.9 million dividends to its members. Mzinda SACCO president Mphatso Nkuonera said despite facing several challenges due to the outbreak of the pandemic, the cooperative is happy to have posted […]
Government employed teachers in primary, secondary school and colleges will soon have their own Teachers Savings and Credit Cooperative (Sacco) called Malawi Teachers SACCO (MATE SACCO). This will be a conspicuous departure from the usual SACCOs to which many teachers have been members. The teachers feel time has come for them to manage and grow […]
Fincoop Savings and Credit Cooperative (Sacco) has disclosed that it has disbursed nearly K10 million in business loans to village savings and loans associations (VSLAs) in Lilongwe. The financial cooperative is implementing a three-year project called Increased Access to Financial Services by the Low Income Rural Communities through Savings and Credit Methodology targeting eight districts in […]
Mchinji Civil Service SACCO, an organization that offers loans and savings to civil servants, has constructed a waiting shelter worth K1 million at Mchinji Police Station. Speaking Saturday during the official handover ceremony, Mchinji Civil Service SACCO president Josephine Kanjala said for so long, the police station has been operating without a waiting shelter in […]
Canadian cooperator Karen McBride, who is raising awareness for Malawian charity Women at Heart Foundation, has praised former Inspector General Lot Thauzeni Pansipadana Dzonzi for his role that cemented the establishment of a Police Savings & Credit Cooperative (SACCO) way back in 2013-14. Dzonzi retired as Deputy Permanent Representative/Deputy Ambassador of Malawi to the United […]
The United Civil Servants Savings and Credit Cooperative (SACCO) has urged civil servants in the country to start saving their money to assist them in times of need and after retirement. SACCO’s Chief Executive Officer (CEO), Francis Waliwa made the call during a meeting on Tuesday aimed at mobilizing civil servants working in Mwanza. “It […]
Press Corporation plc Group Savings and Credit Cooperative (Sacco) Limited formerly known as PTC Group has posted a surplus of K10.2 million in the year ending 31st December 2018. PCL Group Sacco held its 2018 Annual General Meeting (AGM) last week at the Malawi College of Health Sciences Auditorium, Blantyre Campus under the theme “Sustaining […]
Mzinda Savings and Credit Cooperative (Sacco) Society Limited has introduced a school fees loan scheme to ease pressure on parents and guardians. Mzinda Sacco is a licensed institution established in 1996 and has 19 member organizations aimed at uplifting individual members’ socio-economic status. In an interview, Mzinda Sacco manager Maxwell Nyale said they have introduced […]
The Sugar Company of Malawi (SUCOMA) Sacco Friday donated assorted medical supplies to St Montfort Hospital in Chikwawa to help promote good service delivery at the health institution. The intervention comes at a time when most health facilities in the Lower Shire are in dire need of essential medical equipment and drugs to effectively render […]
Malawi Union of Savings and Credit Organisation (Musco) says it is devising ways of linking up village banks, dominated by women to Saccos as way of ensuring the money is free from thefts. Muscco public relations officer Manesi Chinoko said this recently, saying the creation of numerous village banks is a clear indication that appetite […]
Officials from United Civil Servants Sacco in Mzimba have expressed concern that the government owes the organisation K120 million, a staggering figure the official say has literally brought to its knees operations of the savings and credit body. President of the organisation Fletcher Mhango said the government owes the Sacco the money in remmitances, money […]
Malawi’s flagship league runners Super League of Malawi (SULOM) has engaged an extra gear in a bid to improve the welfare of the players. Super League of Malawi Treasurer Tiya Somba Banda said the league runners would hold sensitization meetings in Blantyre, Zomba, Lilongwe, Salima and Mzuzu targeting 15 Super League clubs on the establishment […]
Members Savings and Credit Co-operative Society limited (SACCO) in Malawi’s northern border district of Karonga are blaming government authorities for the losses the incurred in 2013 savings which forced many members withdraw from the co-operatives. The blames was made at Maghemo secondary school during Tikwele Community SACCO Annual General Meeting which was revealed over that […]