Fundilima Sacco Society Ltd was registered on 5th January 1982 by the commissioner of cooperative Development and marketing. The name fundilima was derived from the mother company which means (Fundi) for the technology and (Lima) for Agriculture. The main office of the society is situated within the main campus of Jomo Kenyatta University of Agriculture and Tech (JKUAT)
The pioneers of this society decided to register it to enable its members get a vehicle where they can be able to mobilize their savings and get cheaper credits in order to meet their daily financially and social needs.
The society has been able to meet members’ challenges. Some of them have been able to pay dowry through credits from the society; students have been able to accomplish their education, members have been able to purchase plots, buy vehicles, build houses, pay hospital bills, educate themselves, travel abroad and accumulate savings among other things.
Since its inception the society has been able to grant loans to its members well over Kshs.2, 500,000,000.00(two billion five hundred million) with the highest loaned amount being granted Kshs 3,000,000.00(three million)
Fundilima Sacco Society has continued to give higher returns to its members. In the last financial year the society paid out dividends to its to its members at the rate of 22% and members deposit earned interest at the rate of 8.5%.During Ushirika day celebration, we were awarded a certificate for being one of the highest dividend paying society for the year 2007.
- The society has opened a branch in Lawfa house,situated next to JKUAT main gate.
- It is in the process of constructing Fundilima Complex in Juja Town and members are therefore requested to purchase shares
- We have enhanced its common bond to include the community around the university. This has acted as a way of partnering with the community as part of society’s social responsibility
- The society is managed by a team of professionally qualified Board of Directors and staff. This makes your investment more secure