A look at the future of SACCOS in Kenya
SACCOS in Kenya have always been considered as a mechanism to promote savings and credit services. They have contributed immensely towards the socio-economic development of farmers, workers, and...
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How technology can help SACCOS in post-pandemic recovery
We all know how the COVID-19 pandemic impacted the informal financial groups (IFGs). Mobility was restricted and social gatherings were prohibited. Many IFGs in Africa remained uncertain about...
How can monitoring loans minimize financial challenges for SACCOS
Savings and credit cooperative societies (SACCOS) play a critical role in the socio-economic development in most African countries. Around 85% of cooperative societies have helped their members to...
Factors influencing the performance of SACCOS in Kenya
The role of cooperative societies in Kenya has been extensive and impressive. They range from agricultural and livestock cooperatives in rural areas to savings and credit cooperatives (SACCOS) in...
Wakandi showcases the digital solution at an event in Tanzania
On the 11th of September, Wakandi Tanzania organized an event where we showcased our digital solution to various representatives of 11 SACCOs in Tanzania. We also invited Ushirika as a guest at the...
Kenya is emerging as a fintech innovation hotbed in Africa
Africa has witnessed tremendous financial innovation over the past decade. Powered by the rapid adoption of mobile technologies, innovators and tech startups are building a modern infrastructure with...
Empowered women and their role in cooperative societies
There is no doubt that women are playing a key role in the socio-economic development of societies across Africa. They are highly engaged in agriculture, small-scale industries, and other primary...
How being innovative can solve various problems for financial institutions
Microfinance in Africa is considered an instrument for convenient and affordable financial services. It primarily refers to providing small-scale financial services to the users. There are 14...
Wakandi obtains the PSP license for Tanzania
Our subsidiary Wakandi Tanzania was recently awarded the Payment Service Provider license by the Bank of Tanzania (BoT). The PSP license places the company together with a few other companies that...
Cooperative societies reducing poverty in Kenya
Although Kenya is the largest and most developed economy in eastern and central Africa, 36.1% (2016) of its population lives below the poverty line. This is definitely a decline from the year 2006...
Enabling digitization of the informal sector with CAMS
SACCOS have been serving the informal sector in Kenya for decades. They have continued following traditional methods to offer their services. Trust and social interaction remain important aspects...