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.
Whats Going down i am new to this, I stumbled upon this I’ve found It absolutely useful and it has helped me out loads. I am hoping to contribute & aid different customers like its aided me. Great job.
Woh I love your posts, saved to my bookmarks! .
Perfectly pent written content, appreciate it for information. “The earth was made round so we would not see too far down the road.” by Karen Blixen.
Thanks for sharing superb informations. Your website is so cool. I’m impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched all over the place and simply couldn’t come across. What a great web site.