Cooperative Financial Institutions - Center of Excellence

Blog » Meet Kwara, the digital platform powering Kenya’s cooperative savings and credit sector

Meet Kwara, the digital platform powering Kenya’s cooperative savings and credit sector

Created Aug 03 2020, 12:08 PM by Baloko Makala
  • Category - Technology

 (Original post on Catalyst Fund)

Kwara aims to digitize SACCOs (Savings and Credit Cooperatives, also known as Credit Unions) and other Non-Bank Financial Institutions (NBFIs) to amplify people’s existing financial habits and increase usage of diverse financial services among the underserved, starting in Kenya. Their banking platform-as-a-service and credit scoring capabilities enable SACCOs to connect to the formal financial system, bring their operations online and reduce fraud, and provide SACCO members with access to banks and ATMs. Read more here