Deposit-taking Metropolitan National Sacco Ltd has embarked on a raft of reforms as it seeks to boost the earnings of its members.
Mr Mwangi, whose expertise was cited as key in streamlining and implementing key business strategies to revitalise and steer the sacco in the face of its then declining fortunes, was appointed CEO last year with a brief to return the sacco to its former glory.
"Following the approval of the transformation strategy at the 2019 Annual General Meeting, we have recruited an additional 167 new members and received 2070 membership reinstatements from the previous period.
In that period, we have also seen a rise in the number of members wishing to reverse their earlier requests to withdraw their membership," Mr Mwangi told Smart Company.
While it is not rosy yet at the Metropolitan National Sacco Ltd with a lot more still demanding to be done to restore the former highly-rated credit and savings cooperative whose membership is drawn from across the country, Mr Mwangi is banking on the new set of reforms to attract more savers and put the firm on sound financial footing.
