Background Information

Phaphamani Maswati Savings and Credit Co-operative Society Ltd was formed in 1978 by Eswatini Railways employees and its office is at Sidvokodvo Railway Premises.

This SACCO (Savings and Credit co-operative) is affiliated to SASCCO (Swaziland Association of Savings and Credit Co-operatives) the SACCO’S motherboard of Eswatini and also Licenced by FSRA (Financial Services Regulatory Authority). The SACCO was formed with the sole purpose of uplifting the standard of living for its members.

The SACCO draws its members from:

  • Eswatini Railways Employees
  • Their dependents a spouses
  • Ex-Railway employees
  • Employees of companies contracted to Railway
  • Society staff
  • Employees of the transport industry
  • And have employees of any company

Our Culture


To be a one stop financial services provider to the membership.

Mission Statement

We strive to improve the standard of living of our members by providing quality services at competitive costs.


  1. Integrity
  2. Empowerment
  3. Innovation
  4. Transparency
  5. Social Responsibility