Stanbic Chama App 4.8.1
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Free Version
Publisher Description
Stanbic Chama App - Chama! The app for friends and family to save together
Available to Kenya citizens.
The Chama app is for friends and family to save together.
Download the app, create a profile and verify your identity. Once you are verified, a personal wallet will be ready for you to begin participating in Chamas and transacting. You can deposit money into your personal wallet from Mpesa, and also withdraw from your wallet to Mpesa.
With the Chama app from Stanbic Bank, you can create as many Chamas as you like. You can invite friends, family and colleagues from your phone address book. The people you invite, will receive invitations via text message. If they choose to join your group, they can review the groups constitution and accept the invitation.
The Chama app from Stanbic Bank puts the power in your hands to manage your group the way that you, as a group chooses to.
Here are some of the amazing features that are available to groups;
- Complete Visibility to all members
All members can see all the activity that takes place in the group. All transactions are listed and can be queried and searched for in real time.
- Changeable Membership roles
After a member has accepted the invitation to join a group, the officials can change that members' membership role to; chairperson, treasurer or mentor.
There can be as many chairpersons and treasurers as the group wants. In fact, all members can be chairpersons and they can all have equal responsibilities in the group.
And if the group needs some assistance from someone to guide them on their journey, the group can invite a member as a mentor. Mentors do not participate financially, but they have full visibility of all the activity in the group and can join the group chat, from inside the app.
- Membership Statuses
After a person has accepted an invitation to the group, they will become an active participant. Officials can change any members' membership status at any time to any of the following; Active, On-hold and Terminated.
Changing a members' membership status to On-hold, means that the member is temporarily not participating in the group's activities.
Terminating a membership means that the member is no longer participating in the group whatsoever.
Terminated and On-hold memberships may be re-activated at any time.
- Loans
When groups are created, one of the options is to indicate whether the group will make use of the Loans functionality.
There are many great features to help make management of loans easier on the group officials.
The group can specify the following rules;
> whether loans must be approved by officials and how many approvals are required
When a member applies for a loan, they can see the maximum amount that they can apply for as well as the calculation that resulted in the amount.
The Chama app uses an invoicing system to ensure that there is clear visibility on the loan disbursement, and the repayments by the member.
- Group Goals
Indicate your groups' goals, add a picture for inspiration and let everybody see how the group is progressing towards these goals.
To allocate money to the goal is simple and straightforward. Simply indicate the amount to add to the goal, after which the groups available balance is reduced by this amount.
Money in goals can be moved to the available balance at any time.
The Chama app has inbuilt, real time chat. The chat also has a polls feature which allows the group to vote on important decisions.
Stanbic Bank updates the app regularly with new features based on our clients' feedback. So please let us know how we can make the app even better!
About Stanbic Chama App
Stanbic Chama App is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Stanbic Chama App is Standard Bank / Stanbic Bank. The latest version released by its developer is 4.8.1.
To install Stanbic Chama App on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2024-04-18 and was downloaded 6 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Stanbic Chama App as malware as malware if the download link to com.sbg.schemes is broken.
How to install Stanbic Chama App on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Stanbic Chama App is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Stanbic Chama App will be shown. Click on Accept to continue the process.
- Stanbic Chama App will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
