Saving money in a Savings and Credit Cooperative (SACCO) is one of the best things you can do.
Apart from offering direct dividends, Saccos come in handy during an emergency as they take little time to process a loan application. A Sacco also helps one maintain a high discipline while saving; one is also allowed to borrow up to three times their savings
Metropolitan Sacco has diversified its membership from Teachers-only to include members from wider pool in Government Ministries, Parastatals, Kenya Defence Forces (KDF), National Police Service, Public and Private Universities, Colleges, Academies and the private sector among others.
Compared other investments, saving in a SACCO has a more guaranteed returnLoading...
Therefore, the following can join the Sacco
– 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.
“The Sacco has seen a reversal in members who wished to withdraw their membership while the few who had submitted withdrawal notices are still offered full membership benefits including dividends,” said Sacco Chief Executive Benson Mwangi.
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