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 […]
A cultural view of loan defaults in Namibia
From 2019 to 2024, Namibia has witnessed growing household borrowing alongside a noticeable rise in defaults
Answering your most asked questions
As requested, here are answers to some of the most frequently asked questions about your go to financial management app, Kolo.
