The Malawi Union of Savings and Credit Corporative (Muscco) has called on savings and credit corporatives (Saccos) in the country to be focused in order to improve the sector\u2019s input to the economy.<\/p>\n
Muscco Projects Officer Dorothy Mambulasa made the call on the sidelines of launch of a strategic plan for Thyolo Teachers Sacco.<\/p>\n
According to Mambulasa, Saccos have a significant role to play in development and growth of the country\u2019s economy, hence the need to be focused.<\/p>\n
She said creating policy direction would help ease the pressured faced by the corporatives in their operations and instead increase their productivity.<\/p>\n
\u201cCorporatives have a critical role to play in economic growth, hence, a need to be vibrant in a bid to maximise the input,\u201d she said.<\/p>\n
She commended Thyolo Teachers Sacco for launching the strategic plan, saying the blue print would help in the governance of the institution.<\/p>\n
Thyolo Teachers Sacco president, Amos Munkhonya, described the launch of the strategic plan as a milestone for the Sacco which already has a capital base of about K200 million.<\/p>\n
\u201cThe plan will help us attain more achievements in our operations as we effectively serve our members,\u201d he said.<\/p>\n
Key areas of focus in the plan include a target to grow membership by 1, 500 annually, computerize and fully embrace technology by 2018 and obtain at least 90 percent member satisfaction by 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Malawi Union of Savings and Credit Corporative (Muscco) has called on savings and credit corporatives (Saccos) in the country to be focused in order to improve the sector\u2019s input to the economy. Muscco Projects Officer Dorothy Mambulasa made the call on the sidelines of launch of a strategic plan for Thyolo Teachers Sacco. According […]<\/p>\n","protected":false},"author":3,"featured_media":20192,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/20189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=20189"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/20189\/revisions"}],"predecessor-version":[{"id":20193,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/20189\/revisions\/20193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/20192"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=20189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=20189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=20189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}