By Burnett Munthali
Dwasco Sacco’s assets have grown significantly, reaching K3.1 billion in 2025, representing a 43.7 percent increase from K2.18 billion in 2024.
Speaking during this year’s annual general meeting in Dwangwa, Nkhotakota, Dwasco Sacco board chairperson Abel Musopole attributed the growth to the Sacco’s efforts to improve its services and attract more members.
The membership has also seen a notable increase, rising from 6,370 to over 7,093, marking an 11.3 percent growth, Musopole said.
Musopole emphasized the importance of timely loan repayment to maintain favorable interest rates, urging members to be responsible borrowers.
Malawi Union of Savings and Credit Cooperatives (MUSCCO) Head of Finance and Administration Kingsley Mulewa advised Dwasco Sacco members to boost their deposits, currently at 7 percent, to drive further growth.
One long-standing member, Nancy Msiska, expressed her excitement about the Sacco’s progress and was thrilled to receive a bicycle as a token of appreciation for her loyalty.
The Sacco’s growth is a testament to its commitment to serving its members and contributing to the local economy.
