Features

Polymed SACCO has launched a new initiative aiming to foster a savings culture among the youth using sports. As part of this effort, Polymed SACCO organized inter-class sports activities at the Malawi College of Health Sciences. Speaking during the event in Blantyre, Polymed SACCO’s Member Relations Officer, Thandie Kasambo, said…

Polymed Savings and Credit Cooperative (Sacco) has more than doubled its surplus to K133 million in the year ended December 31 2022 from K62 million the previous year. In a statement released on Saturday during the annual general meeting in Blantyre, the Sacco said it has also increased its assets…

Polymed Savings and Credit Cooperative (Sacco) says membership growth and sound investments have helped the organisation post a K62 million surplus for the year ending December 31 2021. During the same period last year, the Sacco posted a K28 million surplus. Mkomadzinja: We have grown the membership and doubled profitability…

PolyMed Savings and Credit Cooperative (Sacco) has posted a K40 million surplus in the year ended December 31 2018, a 41 percent drop from the previous year’s K68.7 million. Speaking during the 22nd Annual General Meeting in Blantyre on Tuesday, the Sacco’s chairperson Albu Mkomadzinja attributed the drop to a…

High levels of delinquency have seen Blantyre-based Polymed Sacco writing off K28.9 million in bad debts, the institution said. Speaking during the Sacco’s annual general meeting held in the commercial capital, Polymed Sacco chairman, Mavuto Chiwoza, said the bad debts, some dating as far back as 2012, have been having…

Polymed Savings and Credit Cooperative (Sacco) has achieved a K68.7 million surplus in the year ended December, a 1 335 percent rise from the previous year’s K4.7 million, financial results show. Addressing shareholders during the Polymed Sacco’s 21st Annual General Meeting (AGM) in Blantyre on Saturday, board chairperson Albu Mkomadzinja…