What Chamas and SACCOs can teach lenders about group lending
How to

What Chamas and SACCOs can teach lenders about group lending

Group finance has a reach that many fintechs still underestimate. In Kenya, SACCOs that operate under regulation reported 6.84 million members in 2023, a number that shows how much formal group lending has grown. Beyond that, informal savings groups called chamas are even more widespread. Estimates suggest there are around 300,000 active chamas, each managing […]

Don’t have access to GSI? Use direct debit to achieve same result
Industry Information

Don’t have access to GSI? Use direct debit to achieve same result

With the right strategies in place, you can substitute GSI with direct debit and still achieve similar results.Ā Let’s break this down.

How to get started as a lender in South Africa
Growth marketing

How to get started as a lender in South Africa

Thabo noticed a troubling pattern in his community. People were stuck in a relentless cycle of debt, borrowing from mashonisas (Local name for unregistered lenders) ) at crippling interest rates. Despite their sky-high fees, the residents had little choice. Formal credit options were scarce, and when cash ran low, shady lenders seemed to be the […]