Capital Sacco Limited, formerly known as Meru Farmers Sacco, was started in the year 2005 after the transformation of the Meru Central Farmers Co-operative Union-Banking Section into an autonomous Sacco. The Union Banking Section (UBS) started as a credit section of the former giant Meru Central Farmers Co-operative Union (MCFCU) in 1974 in order to serve farmers.
The founders of the UBS were inspired by the desire to mobilize savings and offer credit facilities to farmers. By then, most farmers had no access to formal banking, and neither could they afford banking services due to high charges for maintaining a bank account.




