Mzima Springs Sacco Ltd, a savings and credit union made up of members of University staff gave a Kshs50,000 contribution to the University. The Sacco draws its 350 members from the University, Strathmore and Kianda schools among others.

Mr Geoffrey Injeni, the Chairman of the Sacco said that it has been contributing to the scholarship funds of the three institutions that contribute the bulk of its members over the past four years. This year, the Sacco had a budget of Kshs100,000 which was shared by the three large institutions with the University getting half of the amount.

Kshs40,000 will go to the University's scholarship fund and Kshs10,000 to the Phase III development project. Kshs30,000 and Kshs20, 000 went to the scholarship funds of Strathmore School and Kianda School respectively.

Mr Injeni explained that the reason for the donation is the Sacco is not set up to only benefit members as individuals but should also play a direct role in educating students in the spirit of service of the institutions that its members work for. He also said that the SACCO will engage in other social activities and is planning to partner with the University's Community Outreach Program (COP).

The SACCO has grown very fast in the last five years with its share capital increasing from Kshs25 million in 2005 to about Kshs45 million as at April 2010.

The Sacco's membership is open to all members of staff.