How Social Welfare Management Contributes to Financial Inclusion

Most Kenyans, and Africans in general, live below a dollar a day. Any sudden capital intense activity is strenuous to their financial capacity. They rely on funds pooling to mitigate such activities. The whole concept of social welfare management came into being as a form of social insurance. Most formal companies have such arrangement, chaperoned by the human resources department. Funds collected in this regard covers expenses such as funerals, graduations, child birthday and any other activities outside their professional engagement.

However, the biggest percentage of people who benefit from social welfare activities are people working in the informal sector. These are your mjengo guys, kinsmen who live far from home and people who have a common agenda. It is their form of insurance in case of any eventuality. In hindsight, these Chamas have helped people in distress navigate financial difficulties.

Social welfare management among the underprivileged has one of the biggest financial inclusion lessons. That KES 100 contributed every month can help a great deal in offsetting some financial burden. The more people in the group, the better the benefits. If you aren’t in such groups, make a point and join one. Essentially, it cushions you from any financial burden if need arises. What makes Chama Systems stand out is the adequacy, real-time and security. You are sure of getting the assistance you require in real time. Approvals are done by pressing a button, saving the members the hustle of queuing in formal financial institutions for approvals and withdrawals. Join us today and enjoy the convenience.

Social welfare management is an informal group where people come together to contribute funds for social activities. It is a form of social insurance that allows people to set aside some money for any eventuality. Owing to its informal nature, most of them do not have checks and balances to run the entity, which is where we come in.

At Chama Systems, we have a centralized system that manages collections, record keeping and disbursement, all from the press of a button. Our system is secure, collective and adaptive to the various scenarios associated with social welfare management. Join us today and help organize your Chama’s social welfare.

We all have urgent needs in one way or another that needs our utmost attention. Since funds are hard to come by, we rely on collective contribution, pooling funds together for a worthy course. Social welfare management from Chama Systems uses technology to facilitate all financial activities. Our operational mantra is providing the opportunity for Chama members to get the help they anywhere, anytime, promptly.

With the need to grow contributions and income, a Chama can have all our products concurrently. Most Chamas have table-banking and welfare divisions, each semi-autonomous to cover specific need. Our system offers both platforms on one account, harmonizing all Chama operations to one system. Allow us facilitate the technical bit in Chama management so that you can have enough time to handle the most important social activities.