By Our Writer
TIT Sacco is now Mount Kenya University Sacco, having re-branded.
The Sacco that was founded in 2005 has grown and now has over 1,000 members and member deposits in excess of Sh100 million. It was founded by nine staff members of the then Thika Institute of Technology Welfare.
The team came together and contributed Ksh7, 800 in cash. This encouraged other staff members, who, during a welfare meeting in February 2005, instructed the Thika Institute of Technology Accounts Department to commence check off deductions from their salaries to the welfare.
After operating for one year, the welfare was driven by the wish to provide savings and credit facilities to its members, and on 29 December 2005, TIT Sacco Society Ltd was registered under the Ministry of Co-operative Development and Marketing.
