Manipur Cooperative Savings & Credit Society Ltd. was founded by a small group of teachers and shopkeepers in Imphal who believed that ordinary people, pooling their savings together, could build financial security without depending on money-lenders.
Manipur Cooperative Savings & Credit Society Ltd. was founded by a small group of teachers and shopkeepers in Imphal who believed that ordinary people, pooling their savings together, could build financial security without depending on money-lenders.
Four decades on, that belief still guides us. We are registered under the Manipur Co-operative Societies Act and governed by a board elected by our own members. Every deposit is used to fund loans for other members, and every decision is published in our audited reports.
We remain a local institution with local accountability — our headquarters is in Imphal, our funds stay in Manipur, and our priority is always the financial well-being of our members.
Our branch near the Governor's Secretariat, Imphal
Every family in Manipur has access to safe savings, fair credit, and the financial confidence to plan its own future.
To mobilise the savings of our community and put them to work through responsible lending, good governance, and service delivered with honesty.
Twenty-three founding members pool a small working capital and register the society with a single desk in a rented room.
The society moves to its own premises near the Governor's Secretariat and adds its first paid staff member.
Recurring deposits become the society's flagship product as membership grows past 2,000.
New loan products designed around the needs of students, teachers, and home-buyers are launched.
Accounts, interest, and notices move to a computerised core banking system.
Online notices, downloadable forms, and SMS updates bring the cooperative closer to its members.
12,500-plus members, audited reserves, and the same founding values — thrift, honesty, and mutual help.
