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 […]
How borrower behaviors have shifted under the threat of GSI
GSI is making borrowers think twice before taking out loans, pay closer attention to the fine print of loan agreements, and more.
How to get your SMS sender ID as a lender in Nigeria
Nigeria's population of over 220 million people represents a massive potential customer base for businesses, particularly in the financial sector. Mobile penetration rates have reached 87% with 172 million mobile subscribers. This is why lenders must capitalize on SMS because it guarantees broad access to customers.

