There is a chama a few women and my mom have been running for 3years now. All casual workers and farmers chucking out 2k each very month. These women are dedicated to this. They throw these get together parties for their members when their turn reaches and sometimes leave a little something for their members’ elderly parents.
They want to know what’s needed for the chama to get a fund boost since they feel it should be doing more them as a collective and they hear on radio other chamas get funding.
After all credits and debits final account ya chama huwa zero, badala ya merry-go-round wafanye biashara na io pesa.
I don’t trust chamaas. Wacha nikule nisave pekee yangu
Chamas have zero benefits. Sometimes they actually have losses where money is sent via m-pesa. Its also a good breeding area for women hatred.
before I go, what do you mean by… ‘a few women and my mom’?
The members.
Access to credit is a better way to build wealth. Chamas is just your money coming back to you. Zero financial sense.