Kenya has witnessed a rise in the participation of regulated Savings and Credit Cooperative Organizations (SACCOs) in credit information sharing with licensed Credit Reference Bureaus (CRBs), according to the SACCO Supervision Annual Report 2024.
The report was published by the Sacco Societies Regulatory Authority (SASRA), and Metropol CRB emerged as the most trusted and preferred CRB among regulated SACCOs in the country.
Of the 291 SACCOs which submitted credit reports, 256 chose Metropol, representing an impressive 88% market share.
This dominance reflects Metropol’s strong reputation for efficiency, robust data management, and strict adherence to regulatory standards set by the Central Bank of Kenya (CBK).
The majority of these partnerships came from Deposit-Taking (DT) SACCOs and Non-Withdrawable Deposit-Taking (NWDT) SACCOs. Among DT-SACCOs, 151 preferred Metropol, up from 137 in the previous year. NWDT-SACCOs also showed increased confidence, with 105 using Metropol in 2024 compared to 97 in 2023.
“This uptake indicates Metropol’s ability to meet the diverse needs of various SACCO types,” said Anne Mucheke, Business Development Manager of SACCO at Metropol.
Also Read: SASRA Step Up Push for Mandatory CIS Mechanism Among SACCOs
Overall, the report revealed that 267 out of 355 regulated SACCOs in Kenya were actively participating in credit information sharing in 2024.
Metropol’s leading position in the SACCO space makes it the go-to CRB for SACCOs seeking to streamline credit assessments and reduce default risk.
“The Authority will continue monitoring the level of participation of regulated SACCOs in credit information sharing initiatives, with the aim of promoting best practices and ensuring uniform reporting across all CRBs,” SASRA stated in its report.
Experts credit Metropol’s success to its innovative approach, including user-friendly platforms, timely reporting, and a strong commitment to data security.
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