How to save money; get a loan fast at Metropolitan National Sacco

Time waits for no one, so goes the saying.

The year 2022 is already in its third month and for those who had wrote down their new year resolutions, well, how is it fairing? It almost always involves savings and personal development or home improvement.

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Have you started saving money?

For those who haven’t, it is not too late to start. One can join a Savings and Credit Cooperative (SACCO) entity to begin the journey to financial freedom.

Metropolitan National Sacco has been in operation for over 40 years and has expanded to provide savings and loans services to Kenyans from a diverse walk of life.

The Sacco which started as Teachers’ only financial institution expanded to accommodate members from Government Ministries, Parastatals, Kenya Defence Forces (KDF), National Police Service, Public and Private Universities, Colleges, Academies and the private sector among others.

Therefore, the following can join the Sacco

Salaried People
Non Salaried People
Business Entities
Minors
Commissions

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.

READ: 10 SACCOs in Kenya you should consider investing in for high returns

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.

Metropolitan is regulated by the Sacco Societies Regulatory Authority (Sasra), with which it discussed with, its growth strategy anchored on diversification, customer service excellence and developed products.

A delegate during Metropolitan Sacco’s AGM

Loans

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.