Scores of members of a savings and credit cooperative society known as Money Grow, this morning, stormed its office in Lusaka demanding a refund of deposits they paid towards the purchase of motor vehicles.
Cooperative members told Diamond news that they were required to pay a 30 percent deposit towards the purchase of a vehicle of their choice, but the company has continued to default on the initial agreement.
They further claim that after the agreed 24 months elapsed upon which vehicles where to be delivered, the company increased the deposit to 70%, much to their shock.
Money Grow management has acknowledged the members’ concerns but promised to issue a statement later.
By Tito Kalama