MSB Moves closer to farmers
Daily Times OCTOBER/25/2010

Malawi Savings Bank has come up with an account called Champini for farmers of different cash crops as a way of empowering them to play an active role in the economy.

MSB Credit Manager Chiyamiko Littah said during a country wide sensitisation whistle stop tour at Nsaru in Lilongwe Rural on Friday, the newly introduced account seeks to link farmers to the bank.

Littah explained that with the Champini Account, people who have farmers club accounts will now have personal ones so that they can manage their finances at individual level.

“These farmers used to simply organise themselves into a group and it was only two or three people who would come to the bank to get the money on behalf of their friends. This compromised the value for money at individual level. With Champini, everyone will deal with the bank individually,” Littah said, adding that MSB will offer guidance on use of income.

MSB Marketing Supervisor Elizabeth Polepole observed that the response from the farmers has been positive as they will now associate themselves with the bank freely and easily. Polepole said instilling a saving culture will also help in the development trend for farmers.

Dominic Chilewani, a burley farmer in the area thanked the bank for the new account.

The account balance remains K500 and the bank says there is no charge for switching from the Savings account.

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