Slum-based sacco banks on technology to boost revenue

Shining Hope for Communities (Shofco) Sacco Manager Collins Odongo addresses the press at their offices in Kibra on August 22, 2020.

Photo credit: Brian Okinda | Nation Media Group

What you need to know:

  • Members have access to credit without collateral, jobs, and bank accounts, and even with minimal savings. 
  • With increased automation Shofco expects to increase their  capacity to offer more personalised financial advice to members.

A slum-based savings and credit co-operative society in Kibra, Nairobi, has adopted technology to attract more clientele and revenue.

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