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 has proved to be successful 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 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

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

Group management software has become an essential tool for chamas to manage their teams’ activities. Chama members are also able to collaborate on projects and maintain effective communication. In recent years, chamas are relying heavily on technology to manage their... View Article