AS countless domestic footballers remain destitute, Super League of Malawi (Sulom) will, from this Monday, roll out meetings for ambitious Mpira Sacco initiative meant to empower top-flight players.
To kick start the initiative, Sulom in conjunction with Malawi Union of Savings and Credit Cooperatives (Muscco), has organised sensitisation meetings with Super League clubs.
In Blantyre, the meeting takes place at Malawi National Council of Sports this Monday morning followed by another session in Zomba on the same day, Sulom treasurer, Tiya Somba-Banda said in a statement yesterday.
In Lilongwe, the meeting is scheduled for Civo Stadium, then Mzuzu University next Tuesday and Wednesday respectively. Saccos would empower players through savings and access to loans.
However, Somba-Banda could not disclose when players would start benefiting from the initiative saying the process of registering Mpira Sacco has not been completed.
Somba-Banda added that the initiative was part of Sulom’s strategic objective of commercialising football.
Sulom vice-president Daud Suleman promised Mpira Sacco when campaigning for the position. “The formation of the Mpira Sacco sits at the centre of this drive.
Mpira Sacco shall seek to reduce the financial inclusive gap around our football players at the same time allowing them access to financial tools that will enable them to save part of their money and access credit facilities,” Somba-Banda explained.
“As Sulom, our desire is to improve the status and welfare of our football players. This cannot be attained if access to financial services is still prohibitive and, at times, very unfavorable to our players. Mpira Sacco will be the perfect last piece in the puzzle.”
For Mpira Sacco to become fully registered and licensed by Muscco and the Reserve Bank of Malawi (RBM), there are a number of key steps, operational and legal, in nature.
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