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Posted: 08 Jan 2016 11:53
Location: Africa , Kenya
Web Site: http://www.mrgm.co.ke/
On 10.1.1964 Mwea irrigation Scheme licensee Thrift Co-operative Society ltd with membership drawn from rice growers who were licensees (tenants) of National irrigation Board in Mwea irrigation settlement was registered. As the name thrift implies the society bylaws only allowed members to save but not borrow. Since the intention was to save and borrow, the society changed its name on 22.7.1965 to Mwea Tebere Co-operative Savings and Credit Co-op Society ltd, the by-laws were also amended to enable members save and borrow the. This new Society operated on check-off deducted from their rice proceeds by National Irrigation Board (NIB) and remitted to the Society
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