Lainisha Sacco Society Ltd (Formerly Mwea Rice Farmers Sacco) was registered as an autonomous Savings and Credit Organisation on 21st January, 1993. Initially it was the banking section of Mwea Amalgamated Rice Growers Co-operative Society until the early 1990's when the almagamation separated into two, Mwea Rice Growers Multipurpose with production and marketing as its core business and Mwea Rice Farmers Sacco (now Lainisha Sacco Society Ltd) with Savings and Credit as its core business.
Mwea Rice Farmers Sacco Society Limited was established under the ministry of Co-operative development and Marketing. It was the Society's commitment to be the leading SACCO in offering viable financial services to members within its area of operation for sustainable economic and social growth. The Society endeavoured to provide quality and affordable loan products through its back office and the FOSA. Mwea Rice Farmers Sacco operated as a going concern, and undertook to set in place strategies that will facilitate smooth running of the organization.
The society mainly draws its' members from rice farmers in the main Mwea Irrigation Scheme which comprises of five sections namely:- Tebere, Mwea, Thiba, Wamumu and Karaba. In addition to re-branding from Mwea Rice farmers Sacco to Lainisha Sacco Society Ltd in November year 2014 , the society has also opened its common bond and is thus recruiting members from other sectors of the economy like women groups, youth groups, horticultural farmers, traders and salaried people. Currently the society has over 6000 members cutting across all the areas of economic activities.