A Few Words
About Us
KLC
About Us
KLC Mutually Aided Co-operative Society Ltd.
Despite the existence of a large number of government and private banks, the weaker sections of society have typically been neglected, and it provided an opportunity for the development of co-operative societies. Following the ancient philosophy of cooperation, these societies attempt to provide services to the neglected sections of society comparable to banks. The Cooperative Credit Societies Act of 1904 was the first.
One such co-operative society, KLC Mutually Aided Co-operative Society Ltd., was formed on 06 March, 2025 under the A.P. Mutually Aided Co-operative Societies Act, 1995. It is registered at Vijayawada, the city renowned for its cultural splendor and abundance, and was created by professional bankers and entrepreneurs with a vision of economic upliftment of weaker sections. It has been making profits steadily, distributing an 11% dividend to members and a 0.5% dividend to elderly citizens.
Member-Focused Financial Services
Empowering Communities Through Trustworthy Financial Solutions.
At KLC Co-operative Society, we provide accessible
and secure financial services designed to uplift and empower our members. From savings and deposits to loan facilities and member dividends, our focus is on creating financial opportunities for those often overlooked by traditional banks. Rooted in transparency and community values, we strive to deliver financial inclusion with a human touch.
Our Mission:
To provide inclusive, transparent, and reliable financial services that uplift our members and support their socio-economic development.
Our Aim:
To build a financially secure community by delivering member-focused solutions and promoting mutual growth through cooperative values.
Our Greatest Asset:
Our members are our greatest strength — their trust, participation, and growth drive everything we do.
Our Objectives:
To extend financial support to underserved sections, ensure responsible service delivery, promote savings habits, and foster community empowerment.