SUCOMA SACCO on the 16th of June 2023 launched its long awaited Tsogolo langa youth savings product at the newly opened Chikwawa Teachers Training College in Chikwawa district.
Speaking at the opening function, the General Manager for the SACCO, Mr. Malizani Gamaliel encouraged the students to open accounts and develop a saving culture before they graduate and get employment.
The Principle for Chikwawa TTC, Mrs Simango encouraged the Students to take into action and embrace a saving culture for their development.
The official launching of Tsogolo langa youth savings product has seen 66 students openning instantly with a minimum contribution of K1,000.
The product is targeting all youths under the age of 35, employed and non employed including students. Under this product, Youths are to be depositing a minimum of K1000 monthly and can only access the funds after 6 months. This products attracts no monthly service fees and it has an annual interest gain of 10%.
