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 […]
6 practical tips to reduce loan processing times
Fast loan processing doesn’t mean approving all loan requests, but deciding if a loan should be approved or not shouldn’t take forever.
The need for financial models to build a successful loan business
Financial models perform as business GPS for lenders to avoid roadblocks and predict financial performance. But there are more ways they empower lenders.