Saphumula Savings and Credit Co-operative Society

Members' Testimonials

Read what our members are saying about us.

 I joined Saphumula in 2001 when I started working for Swaziland Posts and Telecommunications Corporation (SPTC). I found Saphumula at the time to be a good vehicle for saving money, which was yielding attractive interests rates that were paid to members on an annual basis.
I then was also able after a period of 2 years in 2003 to buy my first car which was worth E 22,000.00 at the time which was financed through a loan that I got through Saphumula. I also borrowed a housing loan of E 100,000.00 in 2015 for roofing my house which I have built at Nhlambeni in the Manzini region on Swazi Nation Land. The house is currently worth E 650,000.00 and I had already built it using money from other sources of finance so I was now short of money for roofing it.
It is therefore important for the SACCO to continue improving in terms of the loans that they offer to their members as building material and other things like cars have continued to increase in cost every year. Members also need to have an inspiration of what they want when they borrow a loan so that they use the money productively in improving their lives. It is important to aim to build a better home than a company house which we usually stay in and forget that we will one day need to retire to our own homes which Saphumula is able to help you build.
Since I joined the SACCO I have gained a lot by being a member in terms of developing my life through the numerous savings and credit products that Saphumula has to offer to its members, so I’m really grateful to the co-operative movement for such a brilliant idea.

Nkosinathi Sifundza

 I joined Saphumula in 2002 when I started working for Swaziland Posts and Telecommunications Corporation (SPTC). I was encouraged by the members of the SACCO, I therefore wanted to save for the future developmental needs as I was relatively young when I was employed.
I have been able to help my relatives through the SACCO to finance their education especially my brother’s children who lost their father whilst they were still young. I also built my grandmother’s house through the savings and loans that I borrowed from the SACCO. I further borrowed from Saphumula to also finance my household items like furniture and appliances using the credit facilities which are advanced to members by the SACCO to avoid acquiring them through higher purchase from furniture shops. In 2016 I bought a car which is a BMW 1 Series worth E 120,000.00 through the SACCO’s Car Loan Scheme.
I would like to encourage other people who are within the common bond of Saphumula to join and start saving with the SACCO because you are able to save within your means until you accumulate a substantial amount of money which will help you to finance your future developmental needs.
I would like to thank Saphumula for playing a major part in the development of my life and that of my relatives by financing a lot of my projects as I have outlined them above.

Mlungisi Mdluli

 I joined Saphumula in 1999 when I started working for Swaziland Posts and Telecommunications Corporation (SPTC), after being encouraged by other employees who were members of the SACCO to join. The SACCO has helped me a lot since I joined, and I was recently able to borrow a loan from Saphumula to renovate my 2 bedroom houses in Nkoyoyo which will help me to generate additional income to substantiate the salary from my employer. Consistent membership with the SACCO is important because since I joined I have never resigned from Saphumula, this therefore builds a good relationship between you and the SACCO which makes it easier to access loans because you are trustworthy as a member.
I love Saphumula because they do not need you to hire experts to develop a business plan for your project but you can be able to develop your own business plan by articulating your business idea into writing. Once the SACCO has been able to familiarise themselves with the idea and its viability they are able to finance you to start the project.
I would like to thank the SACCO because this project will uplift myself and my family standard of living as even the salary that I earn cannot cope with the ever increasing standard of life so earning an extra income helps to cushion against such. I would also like to encourage other people to utilize the products that Saphumula has on offer productively because they help to develop your life and ensure that your standard of living improves drastically.

Sanele Sithungo

 I joined Saphumula in 2002 whilst working for Swaziland Posts and Telecommunications Corporation (SPTC) and the SACCO has helped me a lot since I joined. I have been able to build a house through the loans that I have borrowed from Saphumula which I built in stages because I could not afford to build it at once. I have also been able to finance my children’s education through the SACCO as I was able to borrow money time and again to finance payment of school fees. Saphumula has helped me a lot and I would like to encourage the youth to join the SACCO in order to save so that they can also be able to have access to the various credit facilities that the co-operative has to offer to its members as it helps to gradually develop one’s life.
I would like to thank Saphumula because all the things that I have achieved have been as a result of the savings and credit facilities that I have accessed through the SACCO. I therefore plead with the SACCO to continue helping other members to develop like they have done for me.

Dudu Shongwe

 I joined Saphumula when I started working for Swaziland Posts and Telecommunications Corporation (SPTC) and the SACCO has helped me a lot in terms of developing my life. I have been able to buy furniture and other household items using the credit facilities which are advanced to members by the SACCO to avoid acquiring them through higher purchase from furniture shops. I have recently bought a car which is a Mercedes Benz Compressor through the SACCO which I’m currently using. I would encourage other members to ensure that they use the money that they borrow from the SACCO to develop their lives rather than misusing it because we may never know what the future holds so it is important to have goals in life.
I would like to encourage new members to take the SACCO seriously and utilize the savings facilities of the co-operative as when I joined I did not save much because I was not aware that the money that I’m investing with the SACCO will help me in the future. It is therefore important to have goals of what you want to achieve so that you can be able to save with the mentality to finance that goal in future.
I would like to thank Saphumula for developing my life through the various savings and credit products that are accessed by members of the SACCO to improve their standard of living.

Sipho Mvubu

 I joined Saphumula whilst I was working for Swaziland Posts and Telecommunications Corporation (SPTC) after being encouraged by other members who had already joined SACCO. They told me about the benefits that they have enjoyed as members of the SACCO, then I decided to be part of such a noble initiative.
I then consistently saved on a monthly basis with the SACCO and they then started helping me when I bought my car through the credit facility that is accessed by the members of the Saphumula. The SACCO has also helped me to build my house at home by lending me money which I could not get through other financial institutions. I then retired from employment on medical grounds so I’m now making a living through my sewing business where I make curtains, bed covers as well as other things that my clients order from time to time. I’m now grateful for joining the SACCO whilst I was still working because it is now helping me with capital for my business as I’m now self-employed.
I then decided to continue being a member of the SACCO even though I’m now self-employed which is a very helpful decision for me because it is difficult to access finance from other financial institutions when you are no more in gainful employment which provides a regular monthly income but with Saphumula they are always ready and willing to assist if you are a member. I would therefore like to encourage other members who have retired to continue with their membership in the SACCO in order to benefit continuously from the savings and credit products that are offered by Saphumula.
I’m really grateful to Saphumula as being a member has continued to improve my standard of living as I am still able to take good care of myself including being able to afford my medical bills the same way I was when I was employed. Saphumula is also my other source of income as once a year I’m able to receive dividends as a result of the money that I have saved with the SACCO.

Dumsile Ndzinisa

 I joined Saphumula in 1992 after being encouraged by other employees who were already members to join and the SACCO has helped me a lot in improving my standard of living as a member. Saphumula has helped me to gradually build a 4 bedroom house - all ensuite, though I also used other sources of finance because the house was very costly. However, I regret saving little because by now I would have saved a lot of money to build the house without even relying from other sources of finance.
I love the SACCO because I’m able to save where I receive dividends on an annual basis from my savings and I am also able to have access to credit facilities that are offered by the SACCO. I would like to encourage other people to join the SACCO especially the young employees because it will help them to develop their lives and improve their standard of living. I’m happy with Saphumula because there are a variety of products that the SACCO has to offer in both savings and credit facilities that a member can access which make it to be a very competitive co-operative than other similar organizations in the country.
I’m also grateful to the SACCO because like the name suggests I have found it as an umbrella that keeps me protected from the sharp rays of the sun of life, therefore I have found rest under Saphumula.

Rebecca Gamedze

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