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FDH courts village banks

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By Isaac Salima:

FDH Bank plc on Wednesday launched its Nkhokwe Savings Account to assist village savings and loan groups to save and keep money in a secure way.

Speaking during the launch, FDH Bank Head of Personal and Business Banking Kawawa Nsapatao said the initiative would help develop the groups.

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“These platforms have been a source of joy for others while also being a source of discouragement to many due to some members’ dishonesty, thereby robing the members off their hard-earned funds,” Nsapato said.

He said the bank has added digital solutions to the account to offer members an opportunity to transact anytime and in a convenient way.

“We know village groups that are in our catchment area and we will collaborate with them but this account is open to all the village groups,” he said.

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Nsapato said the village banks that would be saving with them would be getting a five percent interests.

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