chamas


4 years ago

How To Access Uwezo Funding In Kenya As A Group/Chama In Kenya

With the increased taxation especially on value added goods in Kenya, the level of unemployment has unfortunately risen quickly and steadily. It has become an everyday affair to hear of people complaining of the high cost of living in Kenya and all the bills they have to foot such as house rent or school fees in Kenya. Uwezo fund in Kenya, which was launched in 2013 by Hon. Uhuru Muigai Kenyatta is a government of Kenya project initiated to empower women in Kenya and empower youths in Kenya. Uwezo Fund in Kenya is a means of availing capital for business enterprise growth in Kenya. Initiall  Continue reading ...


4 years ago

How Chama/Groups In Kenya Can Benefit From Opening A Faulu Bank Chama Account

The Kenyan economy for decades now has been facing difficulties in absorbing the available human resources, with every year colleges and universities in Kenya producing thousands of qualified personnel. The fact that not all the trained graduates in Kenya get employment has triggered many to form groups which are commonly known as “chamas in Kenya” to spur their living. The government of Kenya has also been in forefront encouraging unemployed youths in Kenya and women to form groups in order to work together and uplift their living standards. The idea of people coming together t  Continue reading ...


4 years ago

How You Can Use A Chamaa In Kenya To Achieve Greater Financial Success

Every week a major newspaper in Kenya writes about a Chamaa that is doing very well. A Chamaa in Kenya is that group of people who pool resources together usually once a month and use the resources to uplift one of the members. This cycle is repeated until all the members benefit from the pooled resources in that Chamaa. In Kenya, a lot of Chamaas start small. How is a Chamaa made in Kenya? A group in Kenya could be of friends who have come together and decided to contribute a certain amount of money each month. This money is usually used to purchase certain items or pay bills. Women in Ken  Continue reading ...