Chitukuko Sacco Malawi

You can now earn MK2000 for each member you bring and if you bring 10 members you will also get a Tshirt
Contact the following numbers to collect membership forms and more information
0887000888 Blantyre
0880200888 Lilongwe
0884000888 Zomba
Click here to dowload membership form


Effective immediately all members are required to wear masks or appropriate face coverings at all times when entering Chitukuko Sacco offices. members should ensure they have worn a mask when coming to the office.

Members are also encouraged to sanitize their hands at all times. Water basins have been set at all office entrances, please ensure you wash your hands before entering the offices. Use of sanitizers is also encouraged.

Remember to stay safe Covid-19 is real


The above captured subject refers. 

Reference is made to the Presidential Directive regarding Covid 19 measures and the joint media communication by the Governor of Reserve Bank of Malawi (RBM) and the Chief Executive Officer (CEO) of Malawi Union of Savings and Credit Cooperatives (MUSCCO) dated 21st April, 2020. 

This memo therefore seeks to clarify the issues as explained in the joint media communication and how the same will be implemented by Chitukuko SACCO.

What does the Directive mean?

The directive is meant to protect members who borrowed from SACCOs and might be facing difficulties to repay their loans because the source of their funds has been affected by the Covid -19 pandemic. In our case, working employees – borrowers who are not receiving their normal salaries because their employer’s business has been affected by Covid – 19. Members that find themselves in these predicaments are to be considered by the SACCO; it is recommended that their loan repayments be suspended for a period of three months. Please note that the joint communication is NOT generalizing ALL members but only those whose source of income has been affected. This is why the joint communication is indicating; on case by case basis.

How Chitukuko SACCO is going to implement the Directive

Chitukuko SACCO is considering the affected members on a case by case basis. Borrowers with such problems are being considered upon production of a supporting document, say, a letter from employer confirming that salaries are not paid due to the effects of the Covid-19.

An appeal to each one of you.

SACCO is a revolving fund. The loans that we disburse comes from the monthly contributions and loan repayments. If the source of funding for the SACCO is affected, so will be the disbursement part. I am therefore urging every member not to abuse the measures put in place as this might have a direct bearing on our liquidity position and above and beyond, the existence of Chitukuko SACCO might be at risk.

Lastly, the SACCO would like to remind each one of us to observe the preventive measures as highlighted by the Ministry of Health. Together, we can fight this pandemic; stay safe.

FOR MORE INFORMATION CONTACT: CHISOMO FATCH 0887000888 OR 01846800 EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.

Registering a member to Chitukuko Sacco ensures growth of the Sacco and more returns for the members.

Get MK1, 500 for every member that you bring to the sacco. If you bring a full company earn MK25,000

Once off membership fee for the new member is MK2,000 and minimum shares per month are MK4,000.


In its quest to serve you better and to ensure that Chitukuko SACCO grows your investments, the SACCO is introducing a loan default fee of MK10, 000. If a loan is not being serviced a member will pay interest that has accumulated plus a fixed fee of MK10, 000.

This month, SACCOs came together to celebrate the International Credit Union (ICU) Day with parades, charitable functions, and true SACCO family spirit. ICU Day takes place annually every third Thursday of October. The tradition began in 1948 and since this time, credit unions all around the world celebrate through initiatives that raise awareness of the movement and give back to the communities that support them.

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