About Us

Msilikali SACCO Limited (MSACCO) is an affiliate of the Malawi Union of Credit and Cooperatives (MUSCCO). MSACCO was established in 2017 and is certified by the Reserve Bank of Malawi under Financial Cooperative Act 2011 to provide financial services to the Malawi Defence Force (MDF). MSACCO has been operating in a Closed bond, drawing its membership from the employees of the Malawi Defence Force (MDF), their spouses and Children. MSACCO is now opening its membership to the Government Ministries, Departments and Agencies (MDAs). MSACCO is a member owned and democratically controlled financial cooperative where members save together and contribute to one another’s loans from their combined savings power.

Objectives of Msilikali Sacco

At MSACCO we believe in the cooperative model and our core business is to collect shares and deposits which in turn we lend out to our members.  Our objectives are:

  • To instill a culture of saving amongst our members
  • To offer affordable financial services to our members

Our Financial Protection Plan

Msilikali Sacco offers protection to all loans with members in terms of member’s death or permanent incapacitation. When a member dies, all his or her shares are doubled and distributed to the beneficiaries. In addition, all outstanding loans are covered by insurance. Death by suicide is not covered.

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