April 11, 2023   by

Chama investment is an excellent way for groups of people to pool their resources and achieve their financial goals.  Chama members could choose to save for a down payment on a house or invest in a profitable business venture. In... View Article

April 11, 2023   by

Chama failure has been witnessed in recent years. However, chama members can work to avoid various pitfalls that could be leading to failure. Chamas, also known as investment clubs or rotating savings and credit associations (ROSCAs), are a popular way... View Article

March 28, 2023   by

Banks and money market funds are two well-known financial institutions that provide a wide range of financial services to both individuals and companies. Banks are conventional financial institutions that have been around for centuries. On the other hand, money market... View Article

March 23, 2023   by

What are Chamas and SACCOs? Chamas and SACCOs are investment groups that are popular in East Africa, particularly Kenya. They are formed by a group of people who come together to save and invest their money for the benefit of... View Article

March 21, 2023   by

Transforming digital lending is aimed at maximizing efficiency and customer satisfaction. Digital lending provides customers with easier and more convenient access to loans. As a result, the market has become increasingly competitive, and organizations must be proactive and customer-focused to... View Article

March 17, 2023   by

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

March 15, 2023   by

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

February 15, 2023   by

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

February 15, 2023   by

Introduction Savings and Credit Cooperative Societies (SACCOs) are financial organizations whose ownership and control are 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

February 15, 2023   by

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 contribute a... View Article

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