Slum-based sacco banks on technology to boost revenue - News Summed Up

Slum-based sacco banks on technology to boost revenue


A slum-based savings and credit co-operative society in Kibra, Nairobi, has adopted technology to attract more clientele and revenue. This, he said, is in a move to avail ICT to conveniently offer all forms of their services through the mobile platform. Mr Odongo, who spoke as the sacco marked its fifth anniversary said Covid-19 pandemic has driven the co-operative society to fully embrace technology. With increased automation, he added, they expect to increase their staff capacity to offer more personalised financial services to their members. Members have access to credit without collateral, jobs, and bank accounts, and even with minimal savings.


Source: Daily Nation August 24, 2020 14:32 UTC



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