Most chamas don't fail because of bad investments.
They fail because of:
• Verbal agreements nobody wrote down
• One person controlling all the records
• No agreed process for evaluating new opportunities
• "Which spreadsheet is the current one?"
https://t.co/qzlyhaHQFu
One financial system. Many names.
🇺🇬 Merry-go-round
🇰🇪 Chama
🇳🇬 Ajo / Esusu
🇬🇭 Susu
🇪🇹 Iqub
🇿🇦 Stokvel
Millions of people across Africa rely on these savings groups to achieve their financial goals.
🧵👇
Are you in three savings groups?
KashRound lets you switch between all of them from one login.
No separate accounts. No confusion about which group you're looking at. 🧵
#KashRound#AfricanFintech
Things that cause drama in savings groups:
😤 "Did you record my contribution?"
😤 "How much interest did you calculate?"
😤 "Who approved that loan?"
😤 "Show me the balance"
Imagine if everyone could just... check the app.
That's KashRound. https://t.co/MiyXIJXwJo
Things that cause drama in savings groups:
😤 "Did you record my contribution?"
😤 "How much interest did you calculate?"
😤 "Who approved that loan?"
😤 "Show me the balance"
Imagine if everyone could just... check the app.
That's KashRound. https://t.co/MiyXIJXwJo
@NIRA_Ug which one is the WAKISO (52) office?
I’ve been informed collect my card but I don’t know where that is and no one seems to pick when I call the numbers on the website.