Malawi Union of Savings and Credit Cooperative

    • About MUSCCO

    Malawi Union Of Credit
    And Savings Cooperative

    Check below and find out more about us

    About Us

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    Years of Experience

    About MUSCCO

    Promoting the spirit of self reliance

    Malawi Union of Savings and Credit Cooperatives (MUSCCO) is a member-based organisation of Savings and Credit Cooperatives (SACCOs) operating throughout Malawi. The SACCO Movement came to Malawi in 1962 in Dedza, Reverend Chimole introduced a Thrift and Credit Society at Mngonoondo which resembled a SACCO. MUSCCO provide administration and technical support to SACCOs in Malawi on how to run their operations particularry we monitor, supervise, coordinate and help them being organised.

    Our Objectives

    • To promote, organise and develop SACCOs in Malawi
    • To build and maintain a financially sound system of savings and credit cooperatives to mobilize and effectively channel savings to help meet the social and economic development needs of its members and the country in general
    • To foster the vitality of SACCOs to become effective financial intermediaries by providing programmes and services that will enhance the SACCOs ability to successfully meet the needs and expectations of their members
    • To work with other stake holders in national domestic savings mobilisation initiatives in order to bring about sustainable economic development in the country
    • To improve access to financial services to the vast majority of Malawians who lack access to affordable and readily available financial services

    Our Statements

    Our Mission

    To promote the sustainable growth and development of financial Cooperatives and their members through cost-effective inclusive programming.

    Our Vision

    A leading, self-sustaining Union of Cooperatives promoting financial inclusion in Malawi

    Our Core Values

    • Professionalism
    • Integrity
    • Accountability
    • Confidentiality
    • Innovation