Riding on ‘chamas’ to grow your business

 

The high interest rates charged by commercial banks have made many small business owners to turn to their savings, credit co-operatives (Saccos) and chamas for financing.

A close look at chamas shows that they have become a way of life for many. From the low cadre employee to small business people, subscribing to a chama is more of a rule than an exception.

Every other...