By Chisomo Phiri
Mudi SACCO Limited on Friday launched the Tikondwere 35 Promotion, a cash prize promotion celebrating the organization’s 35th anniversary.
The promotion, running from July 1 to November 30,2025, offers a grand prize of K5 million, with second and third prizes of K3 million and K2 million, respectively.
In an interview with journalists,Mudi SACCO Chief Executive Officer(CEO ) Triza Magreta said the cash prizes will enable winners to invest in ventures of their choice.
She said to participate, members must meet specific requirements, including obtaining a loan of at least K500,000, doubling their monthly share contribution, or opening a fixed deposit account with a minimum of K200,000.
Magreta said the promotion also includes special terms for youth savings account holders, who must make a deposit of at least K100,000 to be eligible.
On her part,Malawi Union of Credit and Savings Cooperatives Chapter One Coordinator Sheenah Litah encouraged members to participate in the promotion, emphasizing the benefits of borrowing smarter and growing the sacco.
Throughout the promotion period, Mudi Sacco will also distribute monthly goodies, including branded merchandise such as T-shirts, water bottles, umbrellas, and diaries. Litah urged existing members to invite friends and family to join the sacco and take advantage of its benefits.
Mudi SACCO is a member-owned financial cooperative dedicated to empowering individuals on their journey to financial freedom.
Established in 1990 as the Malawi Bureau of Standards (MBS ) SACCO and rebranded in December 2000, we adhere to cooperative principles endorsed by the World Council of Credit Unions (WOCCU): voluntary/open membership, democratic control, active participation, community focus, and informed decision-making.
