About

Who We Are?

Our Mission

Lighthouse SACCO is a rapidly growing financial cooperative in Malawi, established in 2021 to serve members within a common bond by promoting a culture of saving and offering affordable, competitive financial services. As a member-owned and democratically controlled institution, it seeks to improve the socio-economic status of its members through services such as savings mobilization and loan provision

The Sacco has consistently posted surpluses since its inception in 2021. In 2023, it recorded a surplus of K24.4 million, with assets growing to K549.2 million, and in 2024, assets increased further to K873.9 million. Membership has grown from 529 in early 2024 to over 1,000 as of April 2025.

Membership Shares

Membership is now open to other organizations.  All Transactions are payroll based and will be allowed upon signing an MOU that will facilitate easy collection of contributions and loan servicing. Entry fee is K4000. Probation period is 3 Months, i.e. a member will only access a loan after contributing shares for at least three months.

A member will be required to buy a minimum of 500 shares at K10 per share, in summary, a minimum share of K5000 per month this is a redeemable share. For the  

Savings

Minimum savings shall be K1000   and interest   shall be calculated based on the member’s  

  • Loans: Offering affordable credit (productive and provident) on competitive terms to enhance members' economic well-being.
  • Savings Accounts: Encouraging regular saving habits
  • Loans: Offering affordable credit (productive and provident) on competitive terms to enhance members' economic well-being.
  • Common Bond: The Sacco primarily serves professionals—particularly those in the health sector and affiliated, fast-growing sectors in Malawi—to foster a saving culture.