Chama Management System

More than a Record Keeping and Accounting Software

A normal Chama Management System focuses on accounting and administrative functions, offering records and explaining transactions. At Flynta CBS, we offer analytical explanations, credit rating and investment opportunities. Your chama should derive meaning away from loaning, merry-go-round and coordinating welfare programs. Essentially, we are offering what other chama management systems are offering, and a reason why your dedication needs foresight.

Our goal is to open up Kenya to the world and bridge the gap between formal and informal financial systems. You cannot rate someone who is not in the formal financial system for a facility. Through our system, we can offer the information and guarantee it. We are not only servicing the unbanked, but also giving them an opportunity to grow as other Kenyans.

More Investment Opportunities

Most Chama members view table banking as an opportunity to organically grow their savings. It also acts as an avenue for unsecured loans for personal and business growth. At Flynta, we are leveraging this concept to give Chamas an opportunity to grow their resources beyond table banking. Not all people understand money market funds or government bonds.

Our plan is to partner with such organizations to create resource-building continuity. This will utilize table banking excess funds to create a bigger resource base for the group. There are several opportunities for investment for formal and informal groups, and we plan to leverage them for continuity and posterity.

Profit from Understanding the Sector

Figuratively, there are more than 300,000 formal and informal groups, and over 30% of the population either lacks financial knowledge or does not have access to formal financial institutions. This means that all the mainstream financial institutions in Kenya share at most 70% of the population. Such information needs clarity as to why most Kenyans are not members of a bank. With our model, we can understand the institutional issues surrounding this group of people and offer solutions that can grow the economy.

Value Addition for your Group

Aside from merry-go-round, table banking and welfare groups, there is more to Chamas. They create the Ubuntu and Harambee culture that, if properly harnessed, can grow into a great economic movement. With goal-based saving and mid-to-long-term projects, the chama can be a good breeding ground for socio-economic growth. Data from savings, lending, consistency in payment and credit indexing can be used to predict growth trajectories.

Financial inclusion starts with doing small things individually, consistently and religiously. It forms a pattern that can predict behaviour, which people and institutions can invest in for the greater good. Such consistency might take time to build, but it has far better outcomes, which is where Flynta CBS is here to create and nurture.

Exponential Potential

With financial inclusion and freedom, the sky is the limit; opportunities, infrastructure, government policies and economic activities. A good credit score can open opportunities for aid and grants since it opens up a society for economic activities. Availability, demand and supply of services directly affect how the authorities interpret activity. Since it is all done amongst the people, and quantified by an independent system, the government and well-wishers can invest in growing it since it is working and self-driven.