Safe & sound SACCOs
for everyone


Malawi Union of Savings and Credit Cooperatives (MUSCCO) is a member-based organisation of Savings and Credit Cooperatives (SACCOs) operating throughout Malawi. 

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Accumulate wealth
For the future

Money is essential in a modern society to enable people to exchange goods and services that are produced and consumed. Everyone needs to understand the basic ideas about money, what the financial term is and how the financial system works, especially savings and loans.

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Protect your family
from inheriting debts

Under this coverage, should a member die leaving a loan at a SACCO, the loan is paid off by the insurance. This is why it has become a common that at a SACCO “the debt dies with the debtor”.

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Secure your money
and get high returns

Today many people think that it is almost impossible to save money. However SACCOs have over the years proved that people who never thought that they could save money have been able to accumulate savings within a short period. Regular small savings accumulate to large amounts over time.

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Improving financial service delivery

MUSCCO is collaborating with the following organizations: Canadian Cooperatives Association (CCA), The Swedish Cooperative Centre(SCC), Financial Inclusion Malawi (FIMA), HIVOs, National Aids Commission &  World Council of Credit Unions(WOCCU)
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Life Savings

Life Savings The benefit under this cover is that the member’s savings plus a percentage is paid to the beneficiaries of the member in the event of the death.. More

Insurance

Insurance MUSCCO administers an in house micro insurance program called SACCO Financial Protection Plan (SFPP)
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Financial Counselling

MUSCCO seeks to promote the spirit of self reliance and attainment of financial independence and offers financial counseling and education  More

SACCO LEADERSHIP FORUM PDF Print E-mail
Monday, 25 March 2013 07:32

SACCO Leadership Forum is a forum for the SACCO employess across the continent. It brings


together the SACCO leaders for example, the CEO's and the managers.

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WHAT'S IN STORE FOR MUSCCO IN 2013 PDF Print E-mail
Thursday, 24 January 2013 09:12

2013: what's in store?

 

2012 is truly behind us. 2013 is upon us.


What does MUSCCO have in store in 2013.


MUSCCO will continue to focus its attention on the implementation of its 2012-2018 strategic plan.


Aptly titled " The road map to growth and sustainability" 

 

The Strategic development program is anchored on 4pillars:-

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Policy Launch PDF Print E-mail
Tuesday, 26 February 2013 13:18

On February 15 2013 MUSCCO launched its recently revised Gender Policy and HIV/AIDS Policy at the Crossroads Hotel,


 Lilongwe. The Deputy Minister of Gender, Child and Social Welfare, the Honourable Agnes Mandevu Chatipwa was the guest


 of honour and officially launched the two policies during the colourful event. MUSCCO’s numerous stakeholders and partners

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New Volunteers from Canada PDF Print E-mail
Monday, 04 February 2013 09:22

Karen1-OptimizedThe Canadian Cooperatives Association (CCA) a Friend Indeed
The Malawi SACCO Movement is to benefit from a wealth of risk management expertise from Karen Mc Bride thanks to the Canadian Cooperatives Association which has made it possible for Karen to come to MUSCCO. Karen Mc Bride a holder of Masters in Business Administration has a solid risk management and finance background spanning over 35 years. Karen a Canadian citizen who has come to Malawi as volunteer was until 2011 before she retired, working for Concentra Financial as Executive Vice President, Chief Risk Officer and Chief Compliance Officer. While attached to MUSCCO, Karen will work on designing risk management and compliance tools and

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Foster January Khembo: Sorjeni's Star PDF Print E-mail
Monday, 04 June 2012 13:55

Mr. Foster January Khembo is a man gifted with a teaching passion. Since 1982 he has woken up every morning to meet up a group of knowledge seeking students and contribute towards their educational prowess. He takes pride in witnessing the economic transformation in some of his former students who took learning seriously and are now reaping good fortunes.

“Some of my former students are Chief Executives, accountants, administrators, teachers and even doctors”, he emphasise. “I always feel enchanted seeing them drive good cars and living a comfortable life”.

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