Chama App Qorus Banking Innovation Awards 2022
Premium
03/10/2022
Banking Innovation
Unbanked communities in Kenya manage their daily living and business needs by forming informal collective savings groups called "Chamas" which allow them to pool their financial resources together. The Chama app, created by the Standard Bank Group, digitises these Chamas, allowing for the acceleration of wealth generation for Kenyan communities through a platform that ensures transparency and accountability in the collection and use of funds in the Chama.
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