The United Civil Servants Savings and Credit Cooperative Organisation (UCSSACCO) has called on its top savers to benchmark and surpass Kenya’s top savers.
The appeal was made during an engagement ceremony in Lilongwe, where UCSSACCO encouraged its members to save more and invest their funds for future security.
Speaking at the event, UCSSACCO General Manager, Francis Waliwa, urged the top savers not to become complacent with their current savings, but to aim higher, using Kenyan savers as a benchmark for disciplined investment.
Waliwa reassured the top savers that UCSSACCO would reinvest their funds, guaranteeing dividends at the end of the financial year.
“We celebrate your achievements as our top savers and encourage you to continue saving, aiming to exceed the K10 million mark. The more you save, the more dividends you’ll receive. Look at our friends in Kenya—they have established mega farms and built homes with the support of SACCOs. We can achieve the same, provided we save more,” said Waliwa.
One of UCSSACCO’s top savers, Samson Solomon, shared his satisfaction with the SACCO movement, saying, “I have been able to educate my children and build a comfortable house for my family, thanks to UCSSACCO.”
During the ceremony, UCSSACCO awarded 32- and 42-inch television sets and refrigerators to top savers. According to Waliwa, UCSSACCO has grown its membership to 70,000, and last year, it posted a profit of K7 billion, with K2 billion distributed as dividends among members.
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