The financial security of chamas has been a major concern. Managing a Chama can be quite challenging especially when it comes to ensuring the security of members’ funds. Fortunately, fintech firms aid chamas and SACCOs with suitable solutions, enhancing their... View Article
Digitizing your chama is majorly focused on ensuring that chamas move from manual systems such as pen and paper or excel spreadsheets. For years, chamas (also known as savings groups) have been a popular way for people to pool their... View Article
Financial Inclusion by SACCOs gets achieved with much success as a result of their vital role in providing financial services to low-income earners and marginalized groups. Savings and Credit Cooperatives (SACCOS) are member-owned financial institutions that offer savings and credit... View Article
What is The Hustler Fund? The Hustler Fund, aliased as the financial inclusion fund is a program for digital financial inclusivity that aims at providing financial support to Kenyan individuals, and MSMEs‘ (micro, small, and medium-sized enterprises) access to responsible... View Article
Introduction Savings and Credit Cooperative Societies (SACCOs) are financial organizations whose ownership and control is by their members. These societies operate as non-profit organizations to provide access to financial services to their members. They offer various services, including savings accounts,... View Article
Introduction – Merry-go-round A merry-go-round, also known as a rotating savings and credit association(ROSCA), is a savings and loan group that operates similarly to a traditional merry-go-round ride. In this type of chama, a set number of individuals agree to... View Article