Kenya launches online based Sacco ‘HomePesa’

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By Nicholas Nduati/Beth Nyaga

Kenya has launched an online based Sacco by the name ‘HomePesa’.

Kenyans in their various geographical locations whether rural, urban or overseas now have the opportunity to become members of the Sacco’s cooperative movement virtually without the need to physically walk into an office.

With more and more Kenyans embracing services offered via mobile telephony ranging from digital taxi services, online shopping, digital postal services and e-commerce, techpreneurs and app developers are seeking to exploit business opportunities by delivering services digitally.

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According to the Sacco’s Chairman Godfrey Machuka, it’s a partnership with well-established corporates such as KCB, Equity Bank and Safaricom.

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This, he says, should quell any fears from skeptical Kenyans that this is another online fraud scheme.

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With most Kenyans in the diaspora decrying few efficient means through which they could save back home without involving their kin, Machuka notes that the platform provides a modest avenue to achieving this.

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He further says that the Sacco’s uniqueness is the fact that it pulls resources from Kenyans all over the world which will keep it financially sound.

Using a short USSD code, Kenyans in the rural areas without access to internet have also not been left out.

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