Member savings
Monthly member contributions are deducted from payroll. savings are withdrawable on demand, with a minimum book balance of MWK 3,000.
Remember: Keep the minimum book balance when
making a withdrawal.
MEMBER SERVICES
Build good money habits, one step at a time.
Our services help members save through payroll, hold shares in the cooperative and access selected insurance products through partners.
Member shares
Members can hold redeemable shares in the cooperative. Shares form part of a member’s stake in Chilungamo SACCO.
Member dividends
Profits may be shared with members through dividends based on their share contributions, according to the cooperative’s arrangements.
Insurance
Insurance products are offered through CIC Insurance, including funeral cover and other options. All loan products are insured.
Member-centred service
Services are designed around members’ needs, with affordability and eligibility considered for loan applications.
Need guidance?
Contact the SACCO team if you need help understanding a product or finding the relevant form.
Contact us
PLAN AHEAD
Make saving part of your routine.
Regular contributions can help you prepare for important expenses, future plans and unexpected changes. Start by understanding your contribution, your savings balance and the services available to you.
Find member forms