MyBucks is set on the right path in realizing its purpose of making people’s lives better through convenient and simplified banking using technology and partnerships. For a long time, the Bank has been in partnership with the Malawi Government to offer quick unsecured personal loans to civil servants across the country, thereby helping many civil servants bridge their financial gaps an realize their goals and aspirations.

With customers testifying to this, MyBucks’ Managing Director Zandile Shaba said “It is pleasing to see that we are truly making a positive social impact in the lives of our customers and many of their dependents thus putting us in the right direction towards meeting our strategic intent of being the best digital bank in Malawi by social impact. For a long time MyBucks has been a key player in putting smiles on faces and helping many people realize their goals and aspirations through offering Civil Servant loans without any collateral via our Microfinance division”.

One of the customers testifying to this has been Geoffrey Kenson, a head teacher at a primary school in Nsanje, who would struggle in making his financials ends meet but has since yet moved from that situation to being a house owner, motor cycle owner and a shop owner. He narrates that “I had dreams of one day building my own house and owning a business but I wasn’t financially able to do so until when I applied for the MyBucks civil servant loan.

Through the civil servant loans, I have managed to build my own house, I have built a shop and I was able to buy a motor cycle. I am grateful for the opportunity MyBucks banking Corporation is giving us (the civil servants). I did not have to wait until I retire to build my own house or to start living my dreams”

Adding to the positive social impact made by the bank was Margaret Japi, a teacher at Namatapa Primary school in Blantyre. She says “the MyBucks civil servant loan has helped me a lot, I have managed to pay for my child’s tuition fee at Catholic university. I am a primary school teacher by professional and it was difficult for me to raise such funds at a given time space. When my coworker told me about the MyBucks civil servant loans, I was interested and I applied. I was happy that all it needed for the loan to be paid to my account was a National ID and my employment number. I took the loans and paid in full my child’s first year’s tuition fee. On top of that, my child needed a laptop for his studies, I did not have enough money to purchase one. I had to go to MyBucks banking corporation and see if I could top up, and to my surprise, this was granted, enabling me to purchase a laptop for my child. It has always been my dream to see my child go further with his education and MyBucks undeniably helped me realize my dream”, she said. Another customer, James Kaphwiti. A health worker at Mawuwa health center in Chiradzulu commending the bank said “I have benefited a lot from the MyBucks civil servant loan. My house needed some furnishing but my salary alone was not enough, I needed extra income so I applied for the MyBucks civil servant loan. Through this loan, I have managed to buy new furniture and a fridge. I was also able to pay for my children’s school fees. I am thankful to MyBucks Banking Corporation. My house now looks modern and my Children are in school having their futures shaped”.

Commenting on the testimonials, the bank’s Managing Director Zandile Shaba said “from the testimonials shared by our customers, you can see that it is evident that there are a lot of success stories from customers who have accessed and wisely utilized Civil Servant loans that we offer. This is very inspiring and we are truly motivated to continue deliver towards making a positive social-economic impact on them and all customers in different sectors going forward”.

MyBucks recently announced that it is now extending its retail banking products and accounts to Civil servants who would want to apply and access these unsecured loans. Thus unlike before where non-Mybucks customers were also able to access these loan, with this change, government employees who wish to access the loans are now required to open a bank account through a simplified process, where the loan will be credited upon filling up a loan application form. With this account, customers will be able to access banking services whenever wherever via *632# FlexMobile. Through this platform, customers will enjoy the convenience of   sending money to and from Airtel Money & Mpamba wallets, to other banks accounts, Pay MRA taxes and utility bills, Buy airtime and view balances and statements in addition to many more exciting features.

MyBucks Malawi is a fully fledged bank with branches in Blantyre, Lilongwe, Mzuzu, Zomba, Mangochi, Dzaleka, Kasungu and Madisi. Currently, it has a fully-fledged delivery channel of 17 branches, 85 agents, and 30 ATMS across the country, offering a full range of banking products and services that include Bancassurance and microfinance products.