Kenya Methodist University Savings & Credit Cooperative Society (KEMU SACCO) was formally established on 10th July 1997 when it was granted a certificate of incorporation from the then Ministry of Co‐operatives Development. The registration of the SACCO was the culmination of efforts of Kenya Methodist University staff members who had a vision to bring together members of staff to pool their financial resources to assist each other.
The SACCO was initially registered with 47 members as founder members. Currently the SACCO has 215 active members who are fully dedicated to its cause.
Initially the SACCO had the sole aim of giving development loans, school fees and emergency loans, but later expanded the products to include Christmas fund, education fund, fixed deposits (Bingwa), children fund, recreation fund, leave fund, retirement fund, instant loans, mkombozi loans, agricultural loans, development loans, top‐up loans, school fees loans, refinancing loans and household loans which are meant to improve the living standards and welfare of members.
Since inception, the society has experienced steady growth in key areas. The deposits portfolio has grown to over Kshs. 70 million, while the share capital stands at over Kshs. 8 million.
Our vision is to be the SACCO of excellence in the provision of innovative and competitive financial solutions.
Our mission is to mobilize and manage members’ resources through provision of market-driven financial solutions in order to empower, achieve financial freedom and improve their welfare.
Our Driving Motto
Our rallying call is our slogan: Together We Build One Another!