FAQ

Magharibi Farmers’ Cooperative Society (MFCS) is a voluntary association of farmers and agro-entrepreneurs in western counties. MFCS was established in 2020 and has since been instrumental in empowering its members.
MFCS is built on the principles of cooperatives, while financially supporting its members and fostering collaboration among farmers and agro-entrepreneurs to create a positive impact on their communities. This Cooperative aspires to empower farmers to achieve financial freedom through farming activities

* Access interest subsidized loans to boost farming activities
* Members get a platform to market their produce
* Training of members various types of farming.
* Members benefit from the welfare activities
* ⁠Members benefit from the network worth
* ⁠Welfare benefits

No, while the cooperative encourages its members to farm, it also offers savings, credit and investment activities for the benefit of its members

Each member MUST contribute at least 2,000/- monthly towards the members deposits

Membership is open to all persons above the age of 18 with an income. Terms and conditions apply.

Share capital is the equity or core capital of the cooperative and represents each member’s share of ownership of the Society in terms of shares. The minimum share capital for each member is Kshs. 10,000 which earns dividends for the member. This share capital is non withdrawable but transferable upon termination of membership.

The amount of loan a member is eligible for is pegged on the amount of share deposits of the loanee.

The number of guarantors is determined by the loanee deposits plus the guarantors’ deposits

* Fully completed loan application form
* Outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved.
* Must have been an active member for at least six months.
* ⁠Outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved.
* ⁠Be an active member of the Sacco with regular deposits contributions
* ⁠Must have paid (or is paying) the minimum share capital requirements.
* ⁠Must have a regular source of income to support loan repayment (salary, business, farming etc.)
* ⁠Must provide security to for the loan applied for such as guarantors and adequate shares.
* ⁠Must have good loan repayment history i.e. no adverse CRB listing.

No, you must have consistently saved with the Cooperative society for six (6) months.

Isikula loan is disbursed within 24 hours of submitting the application. All other loan products are processed within one-month subject to availability of fund

A member may at any time withdraw their membership by giving 60 days’ written notice to the society. Members who voluntarily withdraw may re-apply for admission as long as they still qualify for membership under the terms of the society’s bylaws