Financial Inclusion
The Importance of Social and Financial Inclusion
Chama is the Future of Financial Inclusion
Over 55% of Kenyans are unbanked but have access to money via M-PESA. They entrust their savings to Chamas (formal and informal savings and lending organizations). However, the biggest hindrance is trust among members on how to collect and keep the funds. Having a digital platform enables members contribute, disseminate and manage funds irrespective of their location.
At Chama Systems, our system facilitates this process, advances openness and trains group members on the best way to get maximum benefits from Chamas. We DO NOT invest member’s money, neither do we manage the funds. We only act as a facilitator in the entire process to ensure accountability, fairness and convenience.
With all this knowledge, we help train Chama administrators and leaders on industry best practices. The plan is to get more people into the band, and grow their financial capacity. If you need any assistance on Financial Inclusion, talk to us today and we will gladly help.
Kenya is Largely an Informal Financial Economy
Over 55% of Kenyans are unbanked but have access to money via M-PESA.
Chamas form an Integral Part of their Lives
People entrust their savings to Chamas (formal and informal savings and lending organizations), thanks to their flexibility and easy access.
Automation makes Chama Management Simple
At Chama Systems, our system facilitates this process, advances openness and trains group members on the best way to get maximum benefits from Chamas.
We Hope to Influence Financial Inclusion in the Long Run
The plan is to get more people into the band, and grow their financial capacity.
Frequently Asked Questions
We are a FinTech company specializing in social inclusion by growing our members’ financial capacity. Our flagship product, Chama Systems, is a Chama management system geared towards pooling resources for social and economic development.
We do not have registration fees. All we charge is banded charge per transaction when members withdraw their Chama Loans. Click HERE to see our pricing.
We employ the best security features to protect your data and finances. Our SSL technology is among the best in the financial market.
We are affordable, trustworthy, reliable and forward thinking. Our aim is to reach the unbanked an grow their financial capacity.
Absolutely.
We do not share personal data to anyone. Likewise, we do not use customers’ data on anything without their consent.
Yes
When signing up, the Chama Leader sets the conditions that the Chama will be using. For table banking, there are interest rates and loan duration, among other functionalities. You can customize them midway to reflect to the group needs.
Go to the sign-up page and fill in your details. You should be one of the leaders to proceed to the next step.
Phase 2 entails filling in Chama administration details, location and registration status.
Phase 3 of registration entails filling in Chama management details (loan interest, registration etc.)
The last phase is onboarding members, and your Chama Systems account is set.