Stanbic Chama App vs SasaEscrow

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. You can deposit money into your personal wallet from Mpesa or other accounts, and also withdraw from your wallet to Mpesa and Stanbic accounts. 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. - 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. - Member borrowing with Loans Members can borrow from the group by applying for Loans. These loans are group funded loans and not Loans provided by Stanbic Bank. 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!

SasaEscrow is a trusted payment protection platform that ensures safe and transparent transactions between two parties. Whether you're buying goods, selling services, or managing high-value agreements, SasaEscrow holds funds securely until both parties fulfill their obligations—reducing risk and building trust in every transaction. How It Works: 1. Buyer initiates a payment and funds are securely held in escrow. 2. Seller delivers the agreed product or service. 3. Buyer confirms receipt and approval. 4. Funds are released to the seller instantly. Key Features: • Secure Escrow Protection Funds are safely held until transaction conditions are met, preventing fraud and disputes. • Buyer & Seller Verification Ensures both parties are verified for safer transactions. • Dispute Resolution Built-in mechanisms to handle conflicts fairly and transparently. • Transaction Tracking Monitor the full lifecycle of each escrow transaction in real time. • Instant Settlement Once approved, funds are released quickly and securely. • Transparent Workflow Every step of the transaction is recorded for accountability and trust. SasaEscrow is designed for marketplaces, freelancers, service providers, and individuals who want a safer way to transact online. Build trust. Eliminate risk. Transact with confidence. For any enquires, you can contact us via our phone numbers: +254725222221, +254797000333, +254745411339 or you can visit our offices located at ViewPark Towers, Utalii Lane, Nairobi, Kenya.