Microfinance Research and Development
Insights into the Informal Financial Sector and its influence on Economic Growth
Understanding Microfinance Research and Development
Microfinance Research and Development is the consultancy arm of Chama Systems whose role is growing the sector knowledge bank. Our plan is to understand the concept and create a sustainable model that will grow the financial inclusion narrative.
Our experience has shown continued patterns in social savings, which if scaled up, can inform a significant policy in socio-economic development. At Chama Systems, our task is to use the knowledge we have gathered in our practice, and create sustainable microfinance research and development. Our focus in this division includes savings patterns, comparison with the formal sector, spread cross the economy and its influence in the rural economy.
Our Microfinance Research and Development Features
Financial Modelling
Getting the right formula to give your Chama the right quote; How much can the members contribute to get the desired growth?
Investments
In which areas can the Chama invest in to grow their returns? Why these sectors and what is the return on investments?
Banked vs Unbanked
Why the ratio is growing, barriers to entry and linking the two worlds: The operational contrast and similarities.
Savings Culture
Teaching members the importance of savings, why they should budget for it, and the expected results in retrospect.
Anti-Money Laundering
Noting financial fraud, the repercussions and what to avoid such incidences. We want to promote an honest savings culture.
Systems and Processes
Why it is important to trust a system or process in managing intricate financial activities and the benefits; planning to succeed.
Understanding Microfinance Research and Development in Financial Inclusion
Creating a Valid Reason
Every activity needs further improvement to grow its resourcefulness and productivity. In Kenya, the number of people with formal banking knowledge is growing, but their involvement is not at par. In understanding these scenarios, we can note their reservations, and tailor-make products that will suite their circumstances. The goal is financial inclusion across the economy.
Be it access, cost, availability or relevance, microfinance research and development seeks to distinguish among these variables which is the best approach towards financial inclusion. We have the information, expertise and dedication to debunk common myth and misconception about financial inclusion. Good thing is that, the people in this bracket are the largest in numbers compares to the banked.
The bug is not only among our parents, but also in young people. Most of them believe that they lose control over their money once it hits the bank account. Furthermore, they have to maintain a certain base minimum to gain a good amount in interest. With the meagre amount they get, they have nowhere to take it to grow their dividends.
This baseline talks about everyone at the bottom of the pyramid. With the right mindset and direction, we can harness this potential and create products that seek to address this problem. At Chama Systems, our approach informed with what the customer wants, and how to make it easier to transact, save and get dividends.
Knowledge Development and Management
Picturing all these scenarios, Chama Systems seeks to build capacity, spread knowledge and influence discussions on financial inclusion. We have a special tool that guides this decision, and comprehensive materials to further this course. In partnership with other financial and research institutions, we hope to influence more people into saving progressively into the future.
Our flagship product also addresses these concerns and proposes a better, simpler and progressive way to start and manage formal or informal groups. Join us today and benefit from our services, and grow the group’s potential to unfathomable heights.
Microfinance Research and Development
Frequently Asked Questions
It is the intent and focus on progressive activities that help grow resources over time. The plan is to use resources to progressively grow the margins. At Chama Systems, the plan is showing people at the bottom of the pyramid a sustainable way to grow their resources.
We offer one session FREE in every 6 months. If you need more sessions, talk to your relationship manager for facilitation and execution. We advocate proper financial management, especially when the Chama has a turnover of KES 3 million and above
With increased concentration on the formal sector, our plan is to understand the issues at the bottom of the pyramid and come up with a way to help them solve their financial inclusion challenges. Our model concentrates on the people who can significantly impact the society, even with a small increase in disposable income.
Yes.
Based on the structure of your Chama, we can custom-make our presentation to suit your needs. The examples, estimations and formulae come from your propositions, which will make your program relatable. More importantly, our system can guide your Chama on how to align finances, especially the loaning structure to suit your growth needs.
Go to the home page or any other page, and look for the contact us page. It is located just before the footer.
Use any of the contact details to reach out to the customer service. If you have Chama Systems group, quote your group number for a customized experience.
We will reach out to you, giving you a quote if it exceeds the free sessions allocated.
You can rate our service on any review platform and recommend it to other Chamas.