New Digital Platform For Managing Chama Finances

chama rules and regulations
One of the major headaches for Chama members is the complex and time-consuming administrative tasks. [Photo: Zenka ]

Chamas have been the bedrock for savings, investment and support in Kenya. These close-knit groups have long been the symbol of financial resilience and unity. But, as with all things, Chamas too face their fair share of challenges – from intricate administration to building trust and ensuring convenience. Enter the Zimele ChamaManager, a digital solution out to transform the way Chamas operate, and here’s how it can help your chama:

1. Simplifying Administration: One of the major headaches for Chama members is the complex and time-consuming administrative tasks. Record-keeping, financial management, and ensuring everyone is on the same page can be a daunting endeavor. With the Zimele ChamaManager, these worries are a thing of the past.

This intuitive platform allows Chamas to efficiently manage their finances online. No more shuffling through piles of paperwork or deciphering intricate spreadsheets. Everything is just a few clicks away.

2. Convenience at Your Fingertips: In our fast-paced lives, convenience is key. Chamas, however, often struggle to provide members with the convenience they need. Coordinating meetings, managing finances, and ensuring that everyone is updated on Chama activities can be a logistical challenge. With the Zimele ChamaManager, convenience is a standard feature.

Members can access the platform from their computers or mobile devices, making it incredibly easy to stay in the loop, even on the go. This convenience not only saves time but also strengthens the bond within the Chama. You no longer have to make plans to meet physically to open an account, check statements, or transact.

3. Building Trust and Transparency: Trust is the cornerstone of every Chama. Members need to have confidence in the group’s financial activities and believe that their contributions are being managed with integrity. The ChamaManager takes transparency to the next level. Every financial transaction is meticulously recorded, providing complete transparency. Members can know who initiated a transaction and who approved it. This not only builds trust but also ensures that Chama’s financial activities are beyond reproach.

>> Why Money Market Funds Are Investors Favourite In Uncertain Times

4. Grow Your Savings: Here is the best part, Zimele ChamaManager is built on the Zimele Savings Plan, a Unit Trust licensed and regulated by the Capital Markets Authority (CMA). That means every shilling you deposit will be invested in treasury bonds, infrastructure bonds, treasury bills, and other income-generating assets which will earn you interest. All your savings will be earning interest. How cool is that?

So, how can you join this revolutionary platform?

It’s simple. Head over to www.zimele.co.ke/chama to open your account.  You can also learn more about the Zimele ChamaManager on that page.

The Zimele ChamaManager is not just a platform; it’s a revolution in the world of Chamas. It’s a way to make your Chama’s financial goals more accessible and achievable.

>> Six Steps To Creating a Successful Chama In Kenya

>> How To Effectively Save School Fees For Your Children

Picture of ZIMELE ASSET MANAGEMENT
ZIMELE ASSET MANAGEMENT
Zimele Asset Management is licensed and registered as a Fund Manager by the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA) and has been in operation for 25 years. Zimele offers saving and investment solutions that prioritize convenience, flexibility, security, and affordability. www.zimele.co.ke [email protected] Call: 0722-207662 WhatsApp: 0733-111106

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