MUSCO Projects K40bn Profit Growth
The Malawi Union of Savings and Credit Cooperatives has projected a profit growth of K40 billion in 2020 up from K28bn in 2019.
Chief Executive Officer for the Union, Fumbani Nyangulu, told Zodiak Online that the growth will be achieved through inclusion of village banks dubbed Bank Nkhonde where Malawians are increasingly embracing the culture of saving.
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