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Metropolitan National Sacco Membership Eligibility & Requirements

Metropolitan National Sacco is a licensed deposit-taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA). With an asset base exceeding 10.02 billion, it is among the largest deposit-taking Saccos in Kenya.


Membership Eligibility

Membership is open to all, with the Sacco mainly drawing members from:

  • Teachers Service Commission (TSC).
  • Kenya Defense Forces (KDF).
  • Government ministries.
  • Parastatals.
  • National Police Service.
  • Business entities.
  • Academic institutions.

Membership Requirements

To join Metropolitan National Sacco, you need:

  1. A passport-size photograph.
  2. A copy of your National ID.
  3. Membership registration fee of Kshs 1,000.
  4. A recent payslip (for employed individuals).

Metropolitan National Sacco Products

(a) Banking (Front Office)

  1. M-Metro Cash
    • Supports members with salaries channelled through FOSA.
    • Interest rate: 10% per month.
    • Maximum repayment period: 1 month.
  2. Salary Account
    • Designed for employed individuals who wish to channel their salaries through the Sacco.
  3. FOSA Personal Loan
    • For ongoing personal projects with salaries passing through FOSA.
    • Interest rate: 1.5% per month.
  4. FOSA School Fees Loan
    • Assists in paying school fees.
    • Interest rate: 1.5% per month.
    • Maximum repayment period: 12 months.
  5. Salary/Pension Advance Loan
    • Caters to immediate cash needs for members with salaries or pensions passing through FOSA.
    • Interest rate: 10% per month.
    • Maximum repayment period: 6 months.

(b) Savings & Loans (Back Office)

  1. Fixed Deposit Account
    • Suitable for short-term investments.
    • Offers negotiable interest rates.
  2. Group Chama Account
    • Tailored for groups aiming to grow their savings.
  3. FOSA Junior Account
    • A savings account for children of members with no levied charges.
  4. Dhahabu Investment Plan
    • A hybrid fixed deposit account.
    • Negotiable interest rates based on deposit amount.
  5. Normal Loan
    • For development projects.
    • Effective interest rate: 6.5%.
    • Maximum repayment period: 36 months.
  6. Emergency Loan
    • Provides emergency financial support.
    • Effective interest rate: 6.5%.
    • Maximum repayment period: 12 months.
  7. Biashara Account
    • Dedicated to entrepreneurs and business owners within the Sacco.

Metropolitan National Sacco Contacts

  • Head Office: Ground Floor, Chai House, Koinange Street, Nairobi.
  • Contacts: 0709 641 000 / 0736 086 295

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