Metropolitan National Sacco s gearing to hold its Annual General Meeting (AGM) on 27th March 2021.
The AGM will be held virtually as per the MoH Covid containment protocols.
In 2019, Metropolitan Sacco advanced Sh13.5 billion loans to its members as per the financial statement for the year ended December 2019.
The expansion of membership to include people outside its original pool of teachers has seen the Sacco grow from about 15,000 to over 100,000 members.
The Sacco accepts membership from:
- Salaried People
- Non Salaried People
- Business Entities
The membership requirements are as follows: One needs a passport photo, a copy of your National Identification Card, pay Sh 1000 membership fee, produce a recent payslip for the employed.
One is also required to fill out a membership form which can be downloaded from the Sacco’s website or taken from the Sacco’s offices in town.
How to apply for loans
There are many savings products under Metropolitan Sacco, these include Fixed deposit accounts, Group Chama Accounts, FOSA Junior account (for children), Biashara Account and Dhahabu investment plan.
The loan products are two, Normal and Emergency loan. The two loans can be accessed by filling forms in the branch.
In line with its new strategy that encompasses IT into the transformation, the Sacco has a loan product that is dispensed from a member’s mobile phone.
Through M-Metro Cash, members of the Sacco can access up to Sh20,000 loan. However, they must have their salaries channelled through FOSA section and have been active members of the Sacco for the last three months
However, the M-Metro Cash service does not serve joint account or accounts which require more than one signatory.
The Mobile banking solution service works for 24 hours.