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How Malipo Circles Creates a Hub for Safe and Secure Financial Support

BY Soko Directory Team · September 20, 2021 03:09 pm

KEY POINTS

Through the Malipo App, one can create communities for people to seek financial support (circles). These circles provide a central portal for tracking and safeguarding money exchange.

College students asking for money. A driver in need of unprecedented car repair. A single mother looking for help to pay the bills…in all these cases, people turn to various platforms including social media for financial support. Not hundreds of dollars, but just some few bucks to keep them going.

The sad state of affairs is that we don’t always have everything sorted out, and this is the reason why pleading for support is inevitable. People in need have often been forced to turn to churches, family, and the generosity of friends.

Asking for money through social media, however, is often stigmatized, even under genuine circumstances. Plus, you cannot actually take it to social media to ask for a few hundred shillings. No one will take you seriously.

Consequently, calling someone to ask for support is usually met with an interrogation regarding the use of the money. As such, those seeking support often dread making that call.

ALSO READ: Malipo, A New Revolution for Investments and Financial Inclusion

The internet, nonetheless, has ushered in new ways of asking for money. Today, you can pool funds digitally from different individuals, whether for support, or a specific purpose.

A good example of such a digital platform is Malipo Circles. It is a Kenyan platform that allows people who may not have access to easy financial resources to raise money for health care treatments, adoptions, college tuition, bill settlements, investment groups, chamas, and more.

Malipo Circles, through its smartphone and web-based application, Malipo App has made it even easier to ask for and receive cash assistance conveniently.

When planning for a vacation, a future dinner date with friends, or contributing cash for a bail a friend out of a cash situation, people can use Malipo App to make the contributions.

Similarly, they can track the contribution to know how much someone has extended, all in a transparent manner.

By design, Malipo App saves one a lot in terms of fees incurred through physical meetings and card transactions. Best of all is that the contributed funds can be deposited into a bank account or transferred directly and instantly to the person in need.

In a nutshell, through the platform, one can create communities for people to seek financial support (circles). These circles provide a central portal for tracking and safeguarding money exchange.

Donating money to friends – and asking for assistance – is not a bad thing. And if you have to do it, why not utilize a transparent, effective, and unique platform such as Malipo App?

ALSO READ: Benefits of Creating Fundraising Circles Using Malipo App

To learn more, check out their official page and learn how you can benefit from all the services Malipo Circles offers.

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

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