Motswedi Cooperative loses business to banks

Tsonope
Tsonope

Motswedi Savings and Credit Cooperative Society (Motswedi SACCOS) has expressed concern at the rate at which they are losing business to commercial banks as members consolidate their loans with lucrative facilities from the banks.

A consolidation loan is a loan made in order to combine several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.

According to the chairperson of Motswedi SACCOS, Sipora Tsonope the society continues to see a lot of its members’ loan settlement by other financial institutions.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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