Chama pesa; #Coperative bank Chamas accounts, Mshiriki current account

Women in chamas in Mombasa. PHOTO | BANA

Do you know chamas can be good sources wealthy? Getting to table banking is a better idea. A WhatsApp group in Bungoma was changed to a big Sacco only because of cooperatives and lending banks.

How do you change a Chama to a Sacco?

Coperative bank brings a chama or table banking account that gives out a profit at the end of the year. 

Members can access a group loan five times their savings. Mshiriki Current Account is a transactional account for groups and chamas, registered or informal, to support their financial goals safely and securely.

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Features of the account;

• No minimum operating balance
• Access to funds as many times as required
• Cheque withdrawals making reconciliation easier
• No monthly ledger fee
• Free withdrawals
• Free deposits
• Groups can access group loans

The cooperative bank gives out more benefits to a Chama than how table banking could without proper plans.

Download their forms here or Create an account Account.