Chikwawa Chief Education officer Macshades Dakamau told Zodiak that it is encouraging that most of these teachers have managed to construct modern houses and are buying cars making them to live a better life before the actual retirement.

Dakamau added that the most important thing is that the companies have lower interest rates thereby making the teachers to easily repay the loans.

"We have had no defaulters in our district. All teachers have been able to repay their loans because they have been benefiting a lot," said Dakamau.

Regional Manager Select Financial Services Madalitso Goneka said that so far 20,000 civil servants mainly teachers have managed to access the loans from the company across the country.

"We are happy that we are able to extend our services reaching out to civil servants in remote areas," said Goneka.

He was speaking after the company donated chairs and tables at the Chikwawa Education office to soften the work of staff members there.