Mukando Group Savings is a smart and secure way for groups to pool their money and invest collectively in the Old Mutual USD Money Market Fund. Whether you’re a group of friends, workmates, a youth club, a women’s group, a family, or any community initiative, this solution helps you save with discipline, earn interest, and reach your shared goals faster.
Who is Mukando Group Savings for?
This is designed for groups of all kinds who want to turn shared goals into financial growth, it could be:
- Friends saving toward a holiday or big purchase
- Churches or community groups working toward a project
- Families building an emergency or events fund
- Colleagues saving for shared financial goals
- Youth groups or clubs promoting a culture of financial discipline
- Women’s groups planning investments or empowerment projects
Save together and grow together.
How to start saving as Mukando Group
Getting started is simple:
1. Form Your Group
Create or join a Mukando group with 2 or more members who share a common savings goal.
2. Set Your Rules
Prepare a group constitution and resolution confirming your decision to invest with Old Mutual. If you don’t have one, download a template below.
3. Open Your Account
Complete the Mukando Group Savings Application Form, attach your constitution and resolution, and submit with the required KYC documents to unittrusts@oldmutual.co.zw. Read more about the USD Money Market fund here.
4. Receive Your Account Number
Use it to make your deposits. The minimum deposit is USD 20 only.
5. Grow Your Savings
Your funds earn daily interest, credited monthly. Keep contributing as a group to build your savings.
6. Withdraw When Needed
Access your funds (partial or full) after 30 days.
What's in it for you?
Why saving with Old Mutual Unit Trusts makes all the difference for your group
This is why:
- Safety: Funds are secure compared to keeping cash at home or other informal places
- Financial Discipline: Encourages regular saving toward shared goals in a safe and secure manner
- Convenience: Easy methods to make deposits into your unit trust account. You can deposit via MyOldMutual on *227# or WhatsApp ‘hi’ to 0777227227 or via O’mari on *707# or visit any Old Mutual Greenzone Offices around the country.
- Better Returns: Pooled funds may earn higher returns than individual accounts
- Professional Management: Managed by experienced investment professionals
- Risk Diversification: Your funds are spread across multiple investment instruments
Want to know more?
If there’s anything else you want to know, let’s talk. Give our Customer Service Centre a call on toll-free number 433. You can also WhatsApp us at +263 719 433 433 or email us at contactus@oldmutual.co.zw.
