Innovation takes operations of chamas online

Mobile money concept. FILE PHOTO | NMG

The requirement to maintain social distance during Covid-19 pandemic has presented a big blow to small investment groups that largely rely on physical meetings to contribute and borrow.

Several groups have been forced to cease contributions and others have had to rely on mobile money transfers that offer little transparency to the rest of the group members on the financial growth of the chamas as they are popularly known.

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