Lucky Civil servants awarded K250,000 from First Capital Bank

By Burnett Munthali

Lazarus Pious, Nezia Banyan, and Jimmy Mkwenda have each been awarded K250,000 from First Capital Bank’s (FCB) ‘Civil Servant Aweruke Promotion.’

FCB conducted its second monthly raffle draw in Blantyre, revealing the lucky winners of the monthly prizes.

The bank’s Marketing Manager, Pachalo Chiyora, said the promotion aims to reward civil servants who have utilized the bank’s loan facility.

To qualify for the draw, civil servants must apply for and access a minimum loan amount of K1 million, giving them the chance to win the grand prize of up to K10 million.

Civil servants were broke during Easter as the Department of Human Resource Management and Development delayed to process their pay for March. The department attributed the delay to the integration of newly recruited healthcare workers on the government payroll for March 2024.

How you receive these cash promotions can vary from one bank to the next. One might direct deposit the money into the new account; another might send you a prepaid debit or credit card in the amount of the cash offer. Again, find out all the details of a promotion before signing up.

A raffle is a type of contest in which you buy a ticket for a chance to win a prize. After the tickets are sold, a drawing determines which ticket holds the winning number. People raffle off everything from fruit baskets to cars. You might enter a raffle at a school gathering, a fair, or another event.

Everyone loves a game of chance, and raffles are great for incentivizing more ticket sales – resulting in more funds to support your important work. If you’re not sure how to get started, we have 10 fundraising raffle ideas to inspire you and make your next raffle your best yet.

Bank loan facilities are financial assistance programs offered by banks and lending institutions to help companies. The main types of facilities are overdraft services, business lines of credit, term loans, and letters of credit. A facility is essentially another name for a loan taken out by a company.

A facility is an agreement between a company and a public or private lender that allows the business to borrow a particular amount of money for different purposes for a short period of time. The loan is for a set amount and does not require collateral.