Thus unlike before where non-Mybucks customers were able to access these loan, with this change, government employees who wish to access the loans are now required to open a bank account through a simplified process, where the loan will be credited upon filling up a loan application form.
With this account, customers will be able to access banking services whenever wherever via *632# FlexMobile. Through this platform, customers will enjoy the convenience of sending money to and from Airtel Money and Mpamba wallets, to other banks accounts, Pay MRA taxes and utility bills, buy airtime and view balances and statements in addition to many more exciting features.
Margaret Japi: The loan, among others, helped me to meet tuition fees for my child.
MyBucks took this route to ably realize its purpose of making people’s lives better through convenient and simplified banking using technology and partnerships. For a long time, the Bank has been in partnership with the Malawi Government to offer quick unsecured personal loans to civil servants across the country, thereby helping many civil servants bridge their financial gaps and realize their goals and aspirations.
Some customers have applauded the bank for its life changing products, mainly civil servant loans. For instance, Geoffrey Kenson, a head teacher at a primary school in Nsanje, says he was struggling financially until he got a loan from the mybucks.
“I had dreams of one day building my own house and owning a business but I wasn’t financially able to do so until when I applied for the MyBucks civil servant loan. Through the civil servant loans, I have managed to build my own house, I have built a shop and I was able to buy a motor cycle. I am grateful for the opportunity MyBucks banking Corporation is giving us (the civil servants). I did not have to wait until I retire to build my own house or to start living my dreams,” attests Kenson.
Zandile Shaba: Mybucks aims to help customers realize their goals
Another Primary School Teacher at Namatapa, Blantyre, Margaret Japi says MyBucks civil servant loan helped her to meet tuition fees requirement for her child at Catholic University.
“It was difficult for me to raise funds at a given time space. When my coworker told me about the MyBucks civil servant loans, I was interested and I applied. I was happy that all it needed for the loan to be paid to my account was a National ID and my employment number. I took the loans and paid in full my child’s first year’s tuition fee.
“On top of that, my child needed a laptop for his studies; I did not have enough money to purchase one. I had to go to MyBucks banking corporation and see if I could top up, and to my surprise, this was granted, enabling me to purchase a laptop for my child. It has always been my dream to see my child go further with his education and MyBucks undeniably helped me realize my dream”, she explains.
Another customer, James Kaphwiti, a health worker at Mawuwa Health Center in Chiradzulu, says with the he obtained from the bank, he has managed to facelift and purchase new furniture for his house, a thing he could not manage with his salary.
“I needed extra income so I applied for the MyBucks civil servant loan. Through this loan, I have managed to buy new furniture and a fridge. I was also able to pay for my children’s school fees. I am thankful to MyBucks Banking Corporation. My house now looks modern and my Children are in school having their futures shaped,” Kaphwiti explains.
Commenting on this, the bank’s Managing Director Zandile Shaba says it is pleasing note their products are impacting positively the lives of their customers.
“This is very inspiring and we are truly motivated to continue deliver towards making a positive social-economic impact on them and all customers in different sectors going forward.
“It is pleasing to see that we are truly making a positive social impact in the lives of our customers and many of their dependents thus putting us in the right direction towards meeting our strategic intent of being the best digital bank in Malawi by social impact,” says Shaba.
She claims that for a long time MyBucks has been a key player in putting smiles on faces and helping many people realize their goals and aspirations through offering Civil Servant loans without any collateral via our Microfinance division.
MyBucks Malawi is a fully fledged bank with branches in Blantyre, Lilongwe, Mzuzu, Zomba, Mangochi, Dzaleka, Kasungu and Madisi. Currently, it has a fully-fledged delivery channel of 17 branches, 85 agents, and 30 ATMS across the country, offering a full range of banking products and services that include Bancassurance and microfinance products.