Written by Presta Admin

August 23, 2019

Supercharging Lending in Chamas & Investment Groups

It cannot be denied that Chamas has roots across Kenya and Africa at large. Many of Africa’s people are still not banked, and Chamas play a crucial role in financial inclusion for the majority of the unbanked.

However, growth for many Chamas can be difficult owing to the lack of dedicated, professional management services.

Further, given the informal nature of operations and record-keeping challenges, many Chamas still find it difficult to access credit from formal sources such as Banks and Saccos. The donor community also finds it difficult to identify well-organized groups to support. These challenges lead to stagnation of the groups and eventual collapse of many.

So how do Chamas & Investment group benefit?

Presta offers the following for Chamas;

a) USSD & SMS powered account operations, funds and repayments.

b) MPesa enabled deposit & lending

c) Complete accounting for all transactions.

d) Beneficiaries; who are loanees that are not part of the Chama but their loans are guaranteed by a member of the Chama.

e) Collections Reminders & Followup

f) Multi-Installment Payments

g) Great, Easy to use interface

h) Complete Flexibility of lending regimes & rates

Written by

Presta Admin Marketing team

1 Comment

  1. presta_admin

    Gregg, thank you for the great review! We’re so happy you liked the article.


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