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Digital MOMBO Sacco Guarantee Scheme revolutionary for young people.
- Author: Mombo Sacco
- Date: March 24, 2022
- Comments: No Comments
Most young people sign up for Saccos from their first employer, and when they change jobs or get into entrepreneurship, they are usually faced with the decision to quit the Sacco.
Those who stay find it hard to get loans especially tracing former workmates to sign off on loans.
For a digital Sacco like MOMBO, membership is not tied to an employer but is open for all, and it fully addresses the challenge of finding a guarantor.
MOMBO Sacco came up with M-Chama to address the issue of guarantees, which allows members to save with a group of people – friends and family. M-Chama builds the accountability, community, and systems you need to save more and co-guarantee each other when necessary. In addition, guarantors have the choice to determine how much they are comfortable guaranteeing per loan digitally.
MOMBO Sacco offers tailor-made solutions for those in both formal employment and business.
The future of Saccos is in technology, and MOMBO Sacco is leading the way!
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