Home Business Dimkes Sacco unveils M-chipuka, app based e-loan platform for...

Dimkes Sacco unveils M-chipuka, app based e-loan platform for members to access remotely

M-chipuka an e-loan facility has been unveiled by the Dimkes Sacco seeking to enhance members access to loans wherever they are. The facility is both accessible from an iOS app, Android App as well as via USSD code. M-chipuka touts itself to be available from anywhere whether members are in public transport, at their homes, offices or businesses.

How to access M-Chipuka;

  • Via an android app available on the google play
  • Or through the app store for those with iPhones
  • And through USSD code if you don’t have a smart device by dialing *850# then selecting option 7.

While commending on the development during the launch event, Dimke’s CEO Benson Macharia acknowledged that digital loan apps had disrupted the market thus challenging traditional players such as banks and Saccos to rethink their strategy. He also added that their entrance into the digital lending space was to protect their interest and prevent members from relying on other sources for short term loans.

He also pointed out that businesses today are dynamic and uncertain due to globalization, and that the ever changing customer needs and the accelerating pace of technology among other market forces compel them to keep changing and evaluating their strategies. Concequently, the CEO was quick to note that M-chipuka will therefore seek to provide credit to its members as required by the Kenyan Laws and to acquire leverage technologies to be able to survive and achieve superior performance.

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