[E-Chama] Save, invest, lend and borrow as a group.

Our E-Chama group service on Sortika is designed to help individuals and groups save, invest, lend and borrow together in a more efficient and effective way. By joining a group on Sortika, members can pool their resources together to achieve their financial goals more easily and quickly.

One of the key benefits of using Sortika’s E-Chama groups is the ability to save and invest together. By pooling resources, members can access higher-yield investment opportunities that they might not have been able to access individually. Additionally, members can take advantage of the power of compound interest by saving and investing together over time.

Our E-Chama groups also allow members to lend and borrow from each other at more favorable terms than traditional lending and borrowing methods. By lending to and borrowing from group members, members can access credit at a lower interest rate than traditional lenders. Additionally, members can be more comfortable lending to and borrowing from people they know and trust, which can reduce the risk of default.

Our E-Chama groups are also more sustainable than traditional SACCOs, as they allow members to save, invest, lend and borrow online which reduces the need for physical meetings and travel. Additionally, our groups module is more advanced and provides more transparency and accountability than traditional SACCOs, which can help to reduce fraud and mismanagement.

In summary, Sortika’s E-Chama group service is a powerful tool that can help individuals and groups to achieve their financial goals more efficiently and effectively. With the ability to save, invest, lend and borrow together, members can access higher-yield investment opportunities, lower interest rates on loans, and enjoy the benefits of transparency and accountability.