Company Information

Get to know Amicus Microfinance

Amicus Sacco Society Ltd, originally established in 1990 as the Murang'a Tea Growers Sacco, is a licensed Deposit-Taking Sacco based in Kenya. After rebranding from Muramati Sacco, Amicus has expanded its mission to economically empower its members across various sectors beyond agriculture. The organization provides both Back Office Service Activities (BOSA) for long-term savings and loans, and Front Office Service Activities (FOSA) which offer banking-hall services like savings/current accounts, ATM access, and mobile banking, effectively functioning as a cooperative bank for its registered members.

Industry

Financial BankingPRIMARY
Financial Other Service

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Amicus Microfinance

Tanzania

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.