Customers of MyBucks Banking Corporation have hailed the bank for introducing a special civil servants loans window which they say is yielding results.
In partnership with the government, the bank is offering quick unsecured personal loans to civil servants across the country, an attempt aimed at bridging financial gaps.
One of the customers Geoffrey Kenson, a primary school head-teacher in Nsanje District, hails the facility.
He says he converted the funds he accessed through the window into tangible assets such as a house and has since rolled a mini-shop business.
“I had dreams of building my own house and own a business but I was not able until I applied for the MyBucks civil servants’ loan. Through the loan, I have managed to build my own house, I have built a shop and I was able to buy a motor cycle,” he says.
Margaret Japi, a teacher at Namatapa Primary school in Blantyre, says she secured an upfront fund to settle university tuition fees for one of her children.
Another customer, James Kaphwiti, a healthcare worker at Mawuwa Health Centre in Chiradzulu District, said he used the funds he accessed to complete his house-building project.
“Through this loan, I have also managed to buy new furniture and a fridge. My house now looks modern. I was also able to pay for my children’s school fees,” he said.
MyBucks Managing Director Zandile Shaba said tales of the clients is evidence that there are myriad success stories.
“This is very inspiring and we are truly motivated to continue delivering towards making a positive social-economic impact on them and all customers in different sectors going forward,” Shaba said.
Recently, the bank extended its retail banking products and accounts to civil servants who would want to apply and access these loans.