National Land Finance Co Operative Society Ltd.
The economic scenario of the post-independence era in the 60's created a situation where unemployment and eviction from homes occurred when European-owned rubber estates were sold to locals who in turn fragmented and sold them for profit.
In an effort to rectify the problem which resulted from fragmentation of estates, the Malaysian Indian Congress, spearheaded by the late Tun Dr. V. T. Sambanthan, and some concerned citizens, established the National Land Finance Co Operative Society (NLFCS) to provide an opportunity for land ownership among estate workers.
Plantation workers were persuaded to buy shares in the co-operative at RM 100/= per share, payable in monthly installment of RM 10.
With this, the society managed to purchase its first rubber estate covering a total of 2900 acres or 1174 ha (Bukit Sidim Estate) in Kedah. The late YTM Tunku Abdul Rahman, the first Prime Minister of Malaysia officially declared open this property. From this humble beginning, today NLFCS own rubber, oil palm and coconut plantations all over the country.
To-date, the society has 49682 members who range from estate workers, students to professionals with a share capital of RM 109 million in shares as at 31.12.2009.
The society has implemented numerous benefit schemes for its members with the objectives to:
1.Improve the education level of its members' children.
2.Increase houses ownership of members.
3.Promote small scale entrepreneurs.
4.Provide financial aid to members.