Super Metro has become a household name in Nairobi and surrounding areas for its reliable and affordable public transport services. If you’re an entrepreneur looking to join this thriving business, becoming a Super Metro matatu Sacco member could be your next big opportunity. With a solid reputation for excellent service and lucrative returns, Super Metro offers a rewarding investment for stakeholders.
If you’re considering becoming a part of the Super Metro Sacco, you can either buy a matatu and join the Sacco or purchase one through the Sacco with full financing. Here’s your step-by-step guide on how to join.
Requirements to Own a Super Metro Matatu
To become a member of the Super Metro Sacco, you need to meet certain financial and operational requirements. Here’s a breakdown of what’s required:
1. Sacco Registration and Share Capital
- Sacco Registration Fee: Ksh 5,000
- Share Capital: Ksh 10,000
These fees are required for all members, as they form part of your membership in the Sacco.
2. Entrance Fee
There are two options for joining the Sacco:
- Self-financing: If you are financing the purchase of the matatu yourself, you’ll need to pay an entrance fee of Ksh 50,000.
- Financed by the Sacco: If the Sacco is facilitating the purchase, the entrance fee increases to Ksh 100,000.
3. Matatu Purchase and Financing
The cost of an Isuzu NQR matatu is Ksh 6.5 Million. As a member, you are required to pay 30% of the total cost as a deposit, which amounts to Ksh 1.96 Million.
The Sacco offers financing for the remaining 70% of the amount. The total loan repayment period is 48 months, with monthly installments of Ksh 121,000 due on the 30th of every month.
4. Additional Costs
In addition to the matatu purchase and entrance fees, there are other costs involved:
- Tracking Device Fee: Ksh 25,000
- Debenture Fee: Ksh 20,000
- Processing Fee: Ksh 65,000
- Comprehensive Insurance: Ksh 55,000
- Third-Party Insurance: Ksh 16,000
- Transport Licensing Board (TLB) Fee: Ksh 4,500
5. Seasonal Operational Fees
Once your payments are cleared and your matatu is ready for operation, a seasonal fee of Ksh 13,000 is charged for the three counties where Super Metro operates (Nairobi, Kiambu, Machakos, and Kajiado).
Super Metro Routes
Super Metro Sacco operates several popular routes within Nairobi and the surrounding counties. These include:
- Nairobi CBD
- Kinoo
- Makongeni
- Kahawa West
- Thika
- Juja
- Roysambu
- Ngong
- Kikuyu
- Westlands
- Malaa
- Kitengela
These routes cover a wide range of areas, ensuring that Super Metro reaches major urban and suburban hubs, offering convenient and reliable transport services.
How to Start Operations with Super Metro
Once all the necessary fees have been settled, and your matatu is purchased and financed, you can begin operations under Super Metro Sacco. The Sacco will provide support and guidance to ensure smooth operations. You will also be expected to follow the rules and regulations, including maintaining the seasonal fee and ensuring your vehicle is properly insured.
Conclusion: A Lucrative Business Opportunity
Joining the Super Metro Matatu Sacco offers a lucrative business opportunity for those looking to invest in the transport industry. With a solid reputation, a wide-reaching network, and the support of a well-established Sacco, becoming a Super Metro matatu owner is a great investment.
By meeting the required financial obligations and following the application process, you can successfully join Super Metro and start reaping the benefits of this fast-growing venture.
