Metropolitan National Sacco reforms to clean up its booksMembers of the Metropolitan Sacco queue for their annual dividend pay-out outside their offices along Koinange Street, Nairobi in April 2019. The Sacco’s woes had in 2017 seen loans to members surpass savings - leading to a sudden increase in non-performing loans. He said the reforms have been discussed with the regulator - the Sacco Societies Regulatory Authority (Sasra). Subscribe Now »He observed that with an asset base of over Sh5 billion, Metropolitan Sacco has embarked on a growth strategy anchored on diversification, customer service excellence and developed products. Members’ support The changes implemented led to a payout of Sh3.5 billion in dividends and interest on deposits within the past 10 years.

Source: Standard Digital March 15, 2020 05:03 UTC