Benefits of Creating Fundraising Circles Using Malipo App

By Soko Directory Team / Published August 24, 2021 | 2:07 pm




KEY POINTS

Malipo App minimizes the risks associated with collecting large sums of money. Also, you can easily track what has been pledged to you by your family and friends, or what your Chama members have contributed.


Malipo App

As the world undergoes a rapid digital transformation, businesses and individuals need to keep up with the trend. The proliferation of mobile phones and the rise of fintech have seen various sectors innovate to stay ahead of the game.

One such innovation includes the virtual pooling of funds. People, investment groups, and donors among others are moving online, thanks to the automation, time, and money-saving opportunities it presents.

The rise of platforms that facilitate online fundraising and more has opened up a whole new world of possibilities. One such platform is Malipo Circles, which offers you the Malipo App, an intuitive solution that allows you to create a fundraising circle with as many people as you want for a specific purpose including funerals, weddings, graduation, among others.

Some of the benefits that you get by using the Malipo App to create fundraising circles include:

Extended Reach

Pooling contributions through Malipo App allows you to surpass geographical limitations. After creating an account, you can create a circle of your friends and family, or Chama, and ask for their contribution without meeting them in person. Using the app, they can contribute to a cause wherever they are.

Cost-effective collection

Physical meetings, making contributions in person, collecting, and counting the cash is a daunting task. Through Malipo App, collecting members’ contributions is a breeze. It is cost-effective, timely, and quite efficient.

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Making contributions virtually is both convenient and affordable making it more cost-effective in both out-of-pocket costs and time. This is why through Malipo App, you can maximize your profits by reducing your expenditure and dedicating the returns to other profitable causes.

Ease & Convenience

Malipo App minimizes the risks associated with collecting large sums of money. Also, you can easily track what has been pledged to you by your family and friends, or what your Chama members have contributed.

Through the platform, you can monitor your personal goals and achievements or that of your investment group with convenience. Better yet, you can modify the goals and update the members or potential donors on the progress of your fundraising. This is an efficient way for you to fundraise that reduces stress, frustration, and your time commitment so that you can focus on what’s really important.

Flexibility

Different persons hold money in different forms. Others have it in the bank whereas some hold cash. Others have it in their mobile wallets. And for this reason, Malipo App allows you to contribute using mobile money directly from your M-Pesa, your bank accounts, and even from outside the country.

Accountability and Transparency

When contributing money, most people often wonder whether the funds they have pledged will be kept securely. Malipo App, in response, ensures that the funds are deposited into a trust account regulated by a bank.

Better yet, the app ensures efficient record-keeping with complete info on who contributed and how much they contributed.

Once you register for the app, the accumulated contributions are only accessible by chosen officials. This ensures that few people get a hold of the money and improves accountability. However, this does not mean that members of the circle cannot see the amount of money in the account. Every member can see the amount of money fundraised and pledges.

That said, Malipo App offers so much more than just fundraising. To learn more, check out their official page and learn how you and your group can come together to contribute for a specific purpose.

 




About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


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