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Chamapesa

a ledger keeping and social messaging app for groups like chamas and merry-go-rounds built using blockchain technology to promote a savings culture. (Project seems inactive or has been aborted)

This project is marked as inactive in our database. Information may be outdated.

Chama is the Kenyan name for a Savings Club. Savings Clubs have existed around the world for centuries. There are over 1,200,000 Kenyan Chamas. Chamas’ collective savings account for 46% of Kenya’s GDP. Chamapesa makes running and managing a Chama easier. Digitised bookkeeping and Ricardian Litechains make it possible for each Chama to have a private, immutable ledger visible only to its Members. This improves accountability and transparency, and helps reduce theft, fraud and accounting errors.

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