June 06, 2023   by

President William Ruto during Madaraka Day celebrations on Thursday launched the second phase of the Hustler Fund, The Hustler Fund for Groups. The fund targets small investment groups (Chamas) and SACCOs. The Hustler Fund Initiative is one of the President’s... View Article

May 29, 2023   by

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

May 25, 2023   by

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

May 22, 2023   by

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

May 17, 2023   by

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

May 12, 2023   by

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

May 10, 2023   by

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

May 08, 2023   by

What is a Chama Legal Framework? A Chama legal framework refers to the set of laws and regulations that govern the operation of Chamas, which are informal savings and investment groups popular in Africa. The framework outlines the legal requirements... View Article

April 17, 2023   by

In recent years, we have embraced fintech regulation to ensure that fintech companies are operating in a safe and transparent manner. Generally, fintech companies are companies that use technology to provide financial services. The companies have leveraged technology to provide... View Article

April 13, 2023   by

Theme: Exploring the fintech ecosystem and the future of finance Recently, Martin Njuguna, CEO of Chamasoft Limited, presented at a fintech breakfast event. He managed to share insights on digitizing chamas and the long journey that Chamasoft Limited, as a... View Article

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