Faridi Sacco Society Limited was registered on 6th March 1977 via registration certificate No. 2655 as Busia Teso Teachers Sacco Society Limited, and Later re-branded on 13th September 2014 as FARIDI SACCO SOCIETY LIMITED.
Faridi Sacco Society Limited was formed to promote thrift amongst its customers by affording them an opportunity for accumulating their savings and thereby creating a source of funds for providing affordable credit to it’s customers. The common bond was later expanded to include employees of the Sacco, ministry of Education & Office of the President, Ministry of Youth Affairs and Sports, Ministry of Special Programmes, KNUT Members and any other organization approved by the Board of Directors. To date, The Sacco has experienced substantial growth, with several organizatiions in its common bond and with over 6,000 members.
Faridi Sacco Society limited is registered under the co-operative society’s Act 2004. The Act, the rules and FARIDI Sacco By-laws define the confines within which the society carries out its operations. The Annual General Meeting (AGM), is the supreme body of the society.