This archive report was first published on 21 June 2021.
Metropolitan National Sacco, a savings and credit cooperative society, has been serving Kenyans for over 40 years. Founded as a teachers' only financial institution, it has expanded to accommodate members from various sectors, including government ministries, parastatals, and the private sector.
With a wide range of membership options, including salaried and non-salaried individuals, business entities, minors, and commissions, Metropolitan National Sacco offers a convenient way to save and access loans. To join, one needs to provide a passport photo, a copy of their National Identification Card, and pay a membership fee of Sh 1000. Employed individuals must also produce a recent payslip.
The Sacco's website and offices in town offer downloadable membership forms and additional information. Regulated by the Sacco Societies Regulatory Authority (Sasra), Metropolitan National Sacco has a growth strategy anchored on diversification, customer service excellence, and developed products.
Metropolitan National Sacco offers two loan products: Normal and Emergency loans. Members can access these loans by filling out forms at the branch or through the Sacco's mobile banking solution, M-Metro Cash. This service allows members to access up to Sh20,000 loan, provided their salaries are channelled through the FOSA section and they have been active members for the last three months.
Published on June 21, 2021 by Kenyan Business Feed.
