Super Metro Sacco, a prominent player in Nairobi’s matatu transport sector, has recently unveiled a comprehensive list of requirements for prospective investors eager to join its operations.
The Sacco charges a registration fee of Ksh 5,000, share capital of Ksh 10,000 and a self-financing entrance fee of Ksh 50,000.
Additionally, new investors must pay an entrance fee of Ksh 100,000 facilitated by the company and a deposit equivalent to 30% of the bus’ cost.
According to Super Metro, the current cost of a new bus ranges from Ksh 1,956,000 to Ksh 6,520,000.
The Sacco also mentioned that the loan repayment period is 48 months, and loans must be repaid by the 30th of every month through the account of the bus.
The monthly loan installment is Ksh 121,000.
New investors must also pay a 1% processing fee, Ksh 65,200, Ksh 20,000 debenture fee and Ksh 55,000 for comprehensive insurance.
Additionally, the Sacco demands Ksh 15,900 for 3rd party insurance, Ksh 25,000 for a tracking device and Ksh 4,500 for TLB.
Other requirements are a Ksh 13,880 payment for seasonal fee for at least 3 counties, provide a qualified driver and conductor as well as signing a contract form.
Super Metro
Super Metro Matatu Sacco, established in 2013 by Nelson Mwangi and 13 co-founders, began with 32 buses operating on the Kikuyu-Nairobi route.
The goal was to transform Kenya’s public transport by enhancing service quality and discipline in an industry often criticized for chaos.
Over the years, Super Metro has expanded significantly, boasting over 500 buses and serving major Nairobi corridors, while also aiming to enter the light rail and airline sectors.
The Sacco’s commitment to customer service and operational efficiency has earned it numerous awards, solidifying its reputation as a trusted transport provider.
