Saccos remain profitable despite digital disruptionMembers of Metropolitan Sacco Ltd line up for their annual dividend payout outside their offices along Koinange street, Nairobi. The profit-makers in the year to December 2018 included Kimisitu, Kenya Police Sacco Society, Mudete Factory Growers, Mwalimu National and Stima. Other Saccos in the list that returned a profit in 2018 were Boresha Sacco Society, Gusii Mwalimu Sacco, Metropolitan National Sacco and Imarisha Sacco Society. But Metropolitan Sacco Chief Executive Francis Ng’ang’a says there is nothing to worry about. Metropolitan Sacco, for example, was supposed to be a co-operative society for teachers, particularly from Kiambu.

Source: Standard Digital April 15, 2019 21:54 UTC