Social Investment

Home Social Investment





First Mutual Holdings Limited employees initiated an Employee Corporate Social Responsibility Programme driven by volunteers amongst staff members.  Its objective is to alleviate the plight of those in need within the community.  To date a number of activities including a yearly donation to the Cancer Association, clean-up campaign at Harare Charge Office bus terminus and a goods donation to the Arcadia Girls Hostel have been carried out.


The First Mutual employees continue to make an impact in various communities and recently took the initiative of helping the needy in the community of Sipepa, located 70 km from Tsholotsho Town District, a distance of 184 km from Bulawayo, where about 850 villagers mostly the elderly, women and children, where displaced from their homes.  This was due to floods as a result of Cyclone Dineo which affected Bulawayo, Gweru, Masvingo and Plumtree during the recently ended rainy season.


Goods donated included blankets and non-perishable items which were greatly appreciated by the recipients.  Accepting the donation at Sipepa Clinic where the affected villagers have been camping, the camp administrator Montobeko Ndlovu, who was accompanied by Sipepa Officer in Charge Khulisani Nkala, thanked the First Mutual employees for the great initiative which is commendable given the economic challenges currently prevailing.  “The kind gesture by First Mutual employees is greatly appreciated and we thank you for this humble donation which will go a long way in assisting this community”, she said.


Going forward, the employees will continue to donate to disadvantaged communities through various ways including cash, non-perishable goods, clothing, shoes and books among other items.  Additionally, the Employee Corporate Social Responsibility programme will include home visits (old people’s, and children’s homes), hospital visits, blood donations and prison visits.


First Mutual Holdings Limited employees care and are joining hands to go beyond their call of duty by being part of this great initiative and being socially responsible citizens who care about the communities within which they operate.


This initiative by First Mutual employees complements the FMHL Group Corporate Social Investment programme, the First Mutual Foundation, whose objective is to promote and raise the standard of living of the less privileged.  Its flagship programme is one which assists selected children from throughout the country with educational bursaries and necessary ancillary services to reintegrate them into formal school as well as support for tertiary education.  As the Foundation continues to gain momentum, its aim is to increase its support in the education arena.  In line with this, First Mutual launched a sponsorship programme to support the Reformed Church University through availing a bursary worth $80 000.00 over a four year period with effect from 2017.


Corporate Social Responsibility

TristarInsurance, through the First Mutual Holdings Limited education bursary, First Mutual Foundation, continues to provide orphans and vulnerable children with educational support to reintegrate into formal school and the total number of primary and secondary school children supported to date is 110. Further, the Foundation is assisting three university students studying medicine, risk insurance and commerce respectively.

First Mutual Launches a Scholarship Fund - 10 February 2017

Corporate Social Responsibility (CSR) has become an integral business practice globally and the First Mutual group has demonstrated this through the launch of the First Mutual Scholarship Fund with Reformed Church University.


The main objective of the RCU First Mutual Scholarship fund is an added opportunity for the expansion of the First Mutual Foundation whose main objective to afford bursaries and ancillary support to primary school children with multiple vulnerabilities.


The First Mutual Scholarship fund will assist beneficiaries from the Reformed Church University with financial support based on humanitarian need and academic merit.  The commitment by First Mutual for the scholarship fund of $20 000,00 per year for a period of four years amounting to $80 000,00 will cover tuition, boarding, fees and living expenses for six(6) potential beneficiaries and will be reviewed after the duration of the contract in year 2021.

Speaking at the memorandum of understanding signing ceremony, the Group Chief Executive Officer of First Mutual Holdings Limited Mr Douglas Hoto said, “The partnership with Reformed Church is one that we value as it is aligned to one of our core values which is ‘care’.  As a responsible corporate citizen we care about the environment and communities within which we operate.  We applaud the Reformed Church University of Zimbabwe for going beyond in the extension of their brand to include a university and particularly in special needs education which deals with learners with disabilities.  Their ethos of continuous improvement and relevance to the Zimbabwean landscape is aligned to our ethos as a group.  We believe in bringing economic dignity to our customers and this partnership is aimed at improving the lot of selected economically disadvantaged, gifted recipients reflects our brand positioning as we all work together to empower the recipients through education”.

In his response, the Vice Chancellor for the Reformed Church University Professor Wiseman Magwa expressed his appreciation to First Mutual for the initiative which will go a long way to support the university whose bias is towards students with special needs and are physically incapacitated.  “We are greatly humbled to accept this this noble commitment by First Mutual to support our institution which is a first of its kind since the inception of the University and we pledge our support for the implementation of the scholarship.  We are proud to be associated with First Mutual,” he said.

First Mutual’s Corporate Social Responsibility programme also extends to sports in schools through the partnership with the National Association of Secondary Schools (NASH) which promote sports in secondary schools.