Financial Freedom In Your Hands
Membership
Background
UN Sacco, established in August 1996 under the Cooperatives Act, has grown significantly over the years. As of today, its shareholder value exceeds MK 1 billion, highlighting its financial strength and growth. On April 9th, 2015, UN Sacco was officially licensed by the Reserve Bank of Malawi (RBM), a move that ensures the institution operates within stringent regulatory frameworks. This licensing provides assurance to members that their funds are safeguarded, with the central bank regularly supervising the Sacco's Board of Directors and Management. Such oversight helps ensure that all established guidelines are followed, protecting members' investments and fostering trust within the cooperative.
Our Services
The investment pack offers a chance to members to get bigger loan packages for big investments
Bigger loan packages for big investments
Loans are disbursed based on shares
Members are allowed to get two times their share investments
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This pack is aimed at assisting members with all their farming business requirements
Maximum loan amount is MK2, 000, 000
The product may be accessed at any time
The loan repayment period is 12 months
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This pack is aimed at assisting members with farming activities
Maximum loan amount is K5,000,000
The loan repayment period is 8 months
Interest rate is at 4% per month
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This is a weekend loan and is only accessible on Fridays.
Maximum loan amount is MK500,000
Repayment period is 3 months
Interest is 3.5% per month
Read MoreOur Products
We offer a range of products designed to promote saving and provide credit to our members. These savings products include Shares, Ordinary Deposit and Fixed Deposit
MembershipThis product allows its members to save money with UN SACCO on a fixed term basis
Minimum fixed contribution is at K100,000
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