Chamas, or informal savings groups, have been playing a very vital role in providing financial services to individuals and communities. In most instances, the members acquire loans from their savings. Therefore, chamas being a lending institution face inherent credit risks... View Article

Effective time management in chama meetings is essential for any chama that is keen to achieve success in the long run. This is quite crucial, especially during the chama meetings.  Chama meetings are generally crucial to streamline various chama operations... View Article

In today’s rapidly changing world, future-proofing your chama is quite important. Future-proofing your chama basically means preparing your chama members for adaptation and evolution. It is quite important for chama members to be prepared to adapt and evolve. This will... View Article

Fostering commitment among chama members is quite crucial.  A chama, also known as an investment club or savings group, thrives when its members are actively committed to the group’s activities.  Chamas offer platforms where members can pool resources and invest... View Article

Despite their focus on finances as their primary goal, we cannot ignore the impact of chamas on social cohesion and community development. In Kenya, chamas are investment groups that are a common and popular way for people to come together... View Article

Chama taxation refers to the taxation of income generated by investment groups or social savings clubs, commonly known as “chamas.” These groups may be subject to taxation depending on their legal status and the amount of income earned. It is... View Article