entrepreneurs is developing a new app they hope will make it easier for people to save money together. The app, called MICC Financial, relies on a concept known as "rotating savings." It's a scenario in which a group of individuals, such as close friends, pools money into a common fund. People will be able to download the app, create an account, link their bank and invite friends and family to pool money, Chininga said. "I lacked financial education in terms of the credit product, in terms of the credit system," he said.

Source: CBC News September 07, 2020 19:18 UTC