Co-ops savings surge above P120m

She added that they had disbursed loans to their members amounting to P123 million by the end of the last financial year.

"This is a positive contribution to the economy and it defies the stereotype that Batswana are consumers who defeat the culture of saving," she said. Most successful SACCOS are institutionally-based,  comprising of mine workers and government ministries.  "It is now time that we see community-based SACCOS, for instance, formed by elderly people saving a portion of their pensions," she added.