You must have boarded a Super Metro matatu if you live within Nairobi and its environs. Given its high reputation for service and work ethic, it is one of the most sought out matatu services. It is also a highly sought-after venture by businessmen due to its great all-year-round income.
If you want to join the matatu industry as a stakeholder, you can buy your matatu and join the Sacco or purchase one through the Super Metro Sacco and have it fully financed.
Requirements To Own a Super Metro Matatu
Here are the requirements you need to fulfill to join the prosperous matatu Sacco, which operates in Nairobi, Kiambu, Machakos, and Kajiado counties:
For beginners, you’ll part with Kshs 5, 000 as Sacco registration. Then you will be required to pay another Kshs 10, 000 as share capital. If you are self-financing, a Kshs 50, 000 entrance fee is charged as opposed to Kshs 100, 000 if you are being facilitated by the Sacco.
The cost of the standard Isuzu NQR matatu stands at Kshs 6.5 Million and an investor is supposed to raise 30% of the total cost as a deposit. That comes to around Kshs 1. 96 Million. The total loan repayment period is 48 months and monthly loan installments of Kshs 121, 000 are required. The installments are due every 30th of every month without fail.
Other technical fees include:
- Kshs 25, 000- Tracking device
- Kshs 20, 000- Debenture fee
- Kshs 65, 000- Processing fee
- Kshs 55, 000- Comprehensive insurance
- Kshs 16, 000- Third party insurance
- Kshs 4, 500- TLB
Starting Operations
When all the above has been settled satisfactorily, operations can begin. However, a seasonal fee, of Kshs 13, 000 is charged for the three counties it can operate in. The routes covered by Super Metro Sacco include:
CBD, Kinoo, Makongeni, Kahawa West, Thika, Juja, Roysambu, Ngong, Kikuyu, Westlands, Malaa and Kitengela.
