This is an Investment account for women who want to save as a group. The account is used as security for a group loan. Customers are allowed to borrow 200% of their savings. The account targetsMicro and Small business women in groups.
- Easy way to save money
- The account earns interest
- Deposits can be used as security for a loan
- Minimum account balance is MWK50,000
- It does not have monthly fees
Account opening requirements
Valid passport or valid driver’s license or Malawi Electoral commission registration card with a letter from a recognized authority or a letter from an employer and employees ID. Proof of residence i.e water