Welcome to Mobile Accumulating Savings and Credit Association (M-ASCA) – Chama Kwa Simu
M-ASCA is an exclusive mobile phone based indiscriminate accumulating savings and credit association, (ASCA) that aims at bringing community members together in order to improve their livelihoods. Registered under the Ministry of Gender, Children and Social Development as a Community Based Organization (CBO) the association targets every adult Kenyan irrespective of their background (youths, women, small scale business people, the unemployed, private institutions etc) who may not hold any collateral but are interested in saving in order to access capital for investment, business start ups, old age savings or any other viable need.
To become the preferred model of financial inclusion in Kenya and beyond.
Financial Inclusion with dignity
Extend affordable credit to the financially excluded through a member’s savings and credit association with the aim of breaking the cycle of poverty by nurturing the entrepreneurial spirit in the quest for self sustenance, empowerment and self employment, as well as create a Kenyan virtual community through a friendly guarantor system enabling cohesion and brotherhood.
• Transparency & Accountability
Who We Are
M-ASCA is an indiscriminate mobile phone based accumulating savings and credit association (ASCA) that allows members to borrow money up to three times their savings after one month with the aim of bringing community members together in order to improve their livelihood Read More..