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VISION

A Financial Enterprise that improves the living standards of members through economic empowerment.

MISSION

To prudently mobilize resources, provide affordable, sustainable and diversified financial services to our clients.

CORE VALUES

Professionalism Integrity Commitment Customer Focus Equity Team Work

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.

CPA Cleophas Masinde is the Chief Executive Officer Faridi Sacco Society Ltd, with a focus on growing the Breadth and depth of the organization's financial impact in Kenya. CPA Masinde joined Faridi Sacco in 2012, after more than a decade of experience of service in Microfinance industry in Coastal Kenya, where he held a variety of leadership positions. He holds a Masters degree In Business Administration (MBA) -MKU, a degree in Business Administration (BBA-Accounting & Finance )-KEMU, Certified Public Accountat of Kenya (CPA-K) and is a member of ICPAK with a Diploma in Co-operative Banking (COK).
CPA CLEOPHAS MASINDE
C.E.O FARIDI SACCO LTD.

SAVINGS PRODUCTS

EQUITY SHARE CAPITAL

KSH. 14,000 per Member. (Minimum). Constant

MEMBER SAVINGS

Deposit Minimum of KSH. 2,000 per Month.

SPECIAL ACTIVITY SHARES

Minimum 10 Shares worth KSH. 12, 000

CREDIT PRODUCTS

COLLEGE LOAN

Has Maximum Repayment Period of 24 Months.

DEVELOPMENT LOAN

Maximum Repayment Period is 36 Months

SAFINA LOAN

Has a Maximum repayment Period of 72 Months.

JIPANGE LOAN

Has a Maximum Repayment Period of 60 Months

KARIBU LOAN

Has Maximum Repayment Period of 36 Months.

EMERGENCY LOAN

Maximum Repayment Period is 10 Months

NORMAL LOAN

Has a Maximum repayment Period of 48 Months.

SCHOOL FEES LOAN

Given between November and February and Maximum repayment perion is 10 Months.

SHARES LOAN

Has a Maximum repayment Period of 72 Months.