In addition to this, the service permits signatories to check account balances. “To facilitate the delivery of cost-effective and affordable financial services, we have leveraged on technology. This strategy, with innovation and development, will reach its full potential,” said MD Post Bank, Anne Karanja. The product currently serves close to 2,300 groups. Post Bank expects to recruit 3,500 more groups by the end of 2018 following a rise in popularity. M-Chama was innovated to enable small groups to contribute positively towards their economic development and as a deterrent to the risks that come with physically handling group’s monies
