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

Firmware is a type of software that is used to control and manage various electronic devices and systems. It is a low-level software that is stored in a read-only memory chip on the device and is responsible for controlling the... View Article

A Constitution is important for every Chama investment group or investment club. Investment clubs are some of the major economic and financial drivers in today’s society. As people gather around to help each other, they also end up growing financially.... View Article

Is a constitution important in a Chama? To create a successful Chama, it is important for its members to have a constitution. These are the guidelines of how the Chama will be governed. A constitution is also critical as it... View Article

A Chama is an informal Investment club where individuals contribute a concurred amount of cash with the point of assisting each other with developing and conceivably accomplished monetary and financial independence. Most Chamas at the beginning start as merry-go-rounds where... View Article