About fifteen employees of Strathmore School registered Mzima Springs SACCO in 1983. When it was registered, it was meant to only serve the subordinate staff. As Strathmore School expanded, more and more members joined in and by 1990 all employees of the School were eligible to join the SACCO.
The section of the college was moved over to Madaraka estate in 1992 and this threatened the continuity of the SACCO. However it was agreed rather than register a new SACCO, the current members of the college will continue being members of Mzima Springs with an appropriate management structure put in place to serve the interest of both groups.
This agreement was vital as it led to the formation of the SACCO serving the Strathmore fraternity. This was because any person employed by any of the Strathmore institutions is eligible to be a member of the SACCO. Some of these institutions include Kianda School, El molo, Kibondeni,Tigoni among others.
Currently as a result of expansion of the institutions membership the SACCO is made up 40 institutions. Some of them are listed below:
As at 31 December 2015, the total members are approximately 600
Total Deposits on the same date amount to Ksh. 103 Million and Loans issued of Ksh. 111 Million.
To be an organized, well managed and competitive source of development for the better of Mzima Springs SACCO members.
To provide leadership in lending and promote wise borrowing to Mzima membership in collaboration with employer centres.
Mzima Springs Sacco is driven by strong shared values, which include: