Providing affordable loans and financial services to empower marginalized communities.
Secure Today
Thrive Tomorrow
Empowering Communities Through Cooperation
Building financial independence with self-help and mutual aid.
Encouraging savings and providing fair credit for a better tomorrow.
Thrift, Credit & Hope for Every Member
Encouraging ethical and philanthropic lending practices.
Investing in Values, Inspiring Change
Value-based education and skill-building for children and youth.
Nurturing the Next Generation
Areas of Operation
Pondicherry
Tamil Nadu
Karnataka
Kerala
Welcome to FAMCO - Family Development Cooperative
Thrift and Credit Society Ltd
FAMCO – Family Development Cooperative
Thrift and Credit Society Ltd, is established out of the dire need of helping the farmers and the rural poor from their everlasting indebtedness and supporting them to make a regular income for decent livelihood. Scientific studies have been conducted in villages in Tamil Nadu and Puducherry to understand the factual situation of the poor and the farmers in terms of their economic status. Based on such studies, and understanding of models that had been tested in various parts of the country.
16+ Years of Trust, Service & Community Growth
For over sixteen years, FAMCO (Family Development Cooperative Thrift and Credit Society Ltd.) has been a pillar of trust and empowerment for individuals and communities. Built on the principles of self-help, mutual aid, and social responsibility, FAMCO has consistently worked to uplift the marginalized, promote financial inclusion, and inspire sustainable development. Through responsible lending, member education, and value-based community initiatives, FAMCO continues to nurture growth, stability, and hope for a better tomorrow.
Mission & Vision
Vision
To build up an egalitarian society as one family based on the principles of cooperation where the virtues of justice, equality, freedom, fraternity, and peace are the living values of the people at the local, state and national level.
Mission
FAMCO will work with the poor, the marginalized, the vulnerable, the downtrodden, and the excluded communities and families through their groups/associations and by their participation and sharing. In this process, FAMCO will collaborate with Societies, Trusts, Associations, Companies, Cooperatives, and other Organizations which believe in the cooperative/development principles towards the empowerment of the people.
Our Objectives
The objectives include both short-term and long-term concerns. The short-terms objectives are based on a three year vision, while the others are seen as continuous in nature. The major objectives of FAMCO are
Become a financially sustainable cooperative after five years, free from external funding requirements.
Provide debt swaps for the members, who are marginalized people stuck in the jaws of moneylenders.
Promote the interests of all its members to attain their social and economic betterment through self-help and mutual aid in accordance with the cooperative principles.