Urban Slum-Savers Network
SAVE as low as MK2, 500 a month!

Let’s join hands and practice UMUNTHU, by saving money together, so we can access cheap loans that accelerate entrepreneurship in urban-slum communities.  

God is Calling ALL of Us to Play Our Part.
“Together, we can bring an end to extreme poverty”

Simple Savings

Cheap Credit

Special Terms

OUR PURPOSE

This platform is a movement for small businesses such as market women, kaunjika sellers (second hand clothes) and others to adopt a saving culture.   Our mission is to empower ambitious young people and women economically, through mobilization of savings, provision of cheap credit and FREE business advisory services in Malawi’s urban slums. 80% of small business owners are unbanked in Malawi. We Can Change this!

Individual Slum-SaverPlan

Individual Slum-SaverPlan is designed for ambitious young people from urban slum communities who want save for the rainy day or want to grow a business. The goal is to accelerate their entrepreneurship journey that dramatically changes their economic trajectory. Through the Fund, members trust each other and stand for each other to access loans (Guarantors).

Features:

  • Mandatory registration fee of MK1, 950. Once off payment.
  • Minimum monthly regular contribution of MK2, 500 or more.
  • You can save more and as often as possible depending on your goal.
  • Administrative monthly fee of MK200 month.
  • Guarantor required from community members.
  • Access credit up to 3X of your savings.
  • Interest rate as low as 1% per month.
  • Only existing members can access loans and FREE business best practice support
  • Popular among Youth & Women in urban slums.

Group Slum-SaversPlan

Group Slum-SaversPlan is designed for those who join in groups of 5 – 10 and more. This could be a business or a working group, targeting ambitious and youthful urban slum-oriented segment of the market. This is another product that is transforming lives in urban slum communities. Group Slum-SaversPlan lets you save money with a group, your family and friends. 

We help slum dwellers to access cheap loans without collateral, jobs, and even bank accounts. Our goal is to jumpstart slum dwellers to prosperity. We give loans almost FREE to members. To us, it is a way of providing capital, also supporting them to pay school fees, start a business and buying business assets like kabaza motorcycles.

We believe expanding the loan and business skills program to all urban slums in Malawi with change the social status in our communities and eradicate extreme poverty.

Features:

  • Group members are equipped with entrepreneurship readiness skills
  • Get loans to buy business assets and reap rising profits.
  • Mandatory once-off registration fee of MK950.
  • You access loans quicker as members co-guarantee each other.
  • Save as low as MK800 per month each group member.
  • Members can agree to save more.
  • As more money is raised, we give larger loans to members. This is the power
  • Lowest lending rates at 1% a month.
  • Save more and get bigger loans.
  • We train members to adopt business best practices.
  • Administration fee MK200 per month for each member.

Be Part of the Bae-MSME Fund Network & COMMUNITY

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AND Begin To Experience Endless Opportunities

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