History of Kimisitu Sacco
Kimisitu Sacco was formed in March 1985 by a group of Staff from ICRAF. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates of interest; thereby enabling them to use and control their money for their mutual benefit.
The Sacco’s founder members were: Dennis Wambugu (Chairman), Jane Waweru (Secretary), Simon Kanani, James Wahome Charity Kanyeki and Fred Gitau.
Initially, there was no dedicated office for KIMISITU, elected officials operated from their respective employment offices and later moved to city centre in a shared office. Later the office returned to ICRAF Complex when the management of the latter agreed to provide office space at ICRAF House for the then two staff – The Manager and Accounts Clerk.
In order to achieve a solid base for growth, Kimisitu opened membership to other international organizations. Among the first organizations to be admitted included IDRC, Ford Foundation and the Rockefeller Foundation consecutively in the formative years. The society has enjoyed tremendous success such that as at 31st December 2015 it had over 400 member organizations and over 7,000 individual members.
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