Mrs Ida Chidumu Chimwala is one of the prominent business ladies at Nchalo Trading Centre in Chikhwawa district.
SACCOs have been regarded as one of the main sector for empowering the economically weak members of the society. It promotes economic and social development because they are not purely profit motive organizations but are commercial organizations that follow a broader set of values. It also creates jobs by directly providing self-employment and service to all members and non- members.
Mrs Chimwala joined SUCOMA SACCO in 2014 and after saving with this SUCOMA SACCO for some months she decided to borrow money to start business of buying and selling clothes. Firstly what she did was to buy two shops for her own.
She got her first loan in 2015, and she is in cross boarder business whereby she goes to Zimbabwe, South Africa and Tanzania where she buys clothes ready to supply to her customers at Nchalo.
Mrs Chimwala proudly pausing at her house.
As months and years went by, she constructed a self-contained3bedroomed descent house.
The journey never stopped there, she bought herself a beautiful Toyota Noah car in 2017, cumulatively she has borrowed MK10,000,000.00.
With car keys in her hand; Mrs Chimwala gets out of her vehicle.
This is what Mrs Chimwalasaid ‘ SACCO has completely changed my life and am encouraging all women and men to join SACCO and start saving now!’ It`s never too late………
The Third Thursday of the month of October, has since 1948, been celebrated by Credit Unions otherwise known as Savings and Credit Cooperatives, SACCOs, in Malawi and in many parts of the world as the International Credit Union day. On this day, SACCO members around the globe take the opportunity to remember credit unions’ proud history and promote awareness of and support for the SACCO difference