SACCO’s in Kenya have been looking for alternative ways of providing easy access to loans for their members. As the number of registered SACCOs continues to grow, they are looking for new revenue streams outside their traditional services.
SACCOs are uniquely positioned to do this because;
- They have developed a philosophy of providing simple and relevant services to their customers.
- Through services such as mobile wallet, SACCOs are gathering in depth data on their customers.
- With iNuka Pap system, members of SACCOs enjoy the convenience in depositing as well as having access to their loans instantly.
What is iNuka Pap?
iNuka Pap (get lifted instantly) is a mobile loan platform that partners with credit co-operatives to allow their members to conveniently deposit, withdraw and access instant micro-loans as well as access other credit services they have already been pre-qualified for in their cellphones.
The platform provides instant emergency financial services to Micro Finance Institutions (MFI) and SACCO members through the iNuka Pap propriety platform. Thus, taking convenience to a new level and assures to address customer’s small cash emergencies anywhere and anytime.
The Chief Executive Officer, Waweru Kuria says they ventured into mobile money because, “98 percent of Kenyans have access to mobiles, 75 per cent use mobile money and at least 25 percent use mobile money at least once a day.”
With iNuka Pap, one is able to:
- Have access to instant loans
- Have SACCOs increase their revenue
- Improve credit scoring
- Limitless new loan products
- Paperless transactions
SACCO’s in Kenya have been looking for alternative ways of providing easy access to loans for their members. As the number of registered SACCOs continues to grow, they are looking for new revenue streams outside their traditional services.
SACCOs are uniquely positioned to do this because;
- They have developed a philosophy of providing simple and relevant services to their customers.
- Through services such as mobile wallet, SACCOs are gathering in depth data on their customers.
- With iNuka Pap system, members of SACCOs enjoy the convenience in depositing as well as having access to their loans instantly.