Kenya - Startup under 3 years old

Décrivez votre projet en quelques mots

Chamatek is an app that enables chama members to run their chamas. It is optimized for peer-to-peer lending between these members. This incentivizes participation in the group because of the high returns. A credit rating system to help in tracking loans.

01.01 Décrivez votre startup en détail

Chamatek is an app that enables chama members to run their chamas. It is optimized for member-to-member lending between these members. This incentivizes participation in the group because of the high returns they get compared to saving their money in the bank. The app also has a credit rating system to help chama members choose favorable loans. Every member is assigned a credit score. When someone applies for a loan in chamatek, the other members are notified of the loan application. The other chama members can choose to invest in the loans depending on their relationships with the loan applicant and their credit scores. When the loan is paid back, only the members who guaranteed the loan get paid the principal + interest. This incentivizes participation in guaranteeing other chama members because of the direct profit they gain. Members are also incentivised to take loans because the more loans they take and pay back the higher their credit score rises.

01.02 Quel est le problème principal que vous essayez de résoudre ?

We are trying to resolve the problem of informality in chamas so as to bring them into the mainstream. We are doing this by providing the chamas a better way to do their accounting and also helping them create a decentralized credit worthiness verification for their members so as to help them with their table banking needs. Our model of lending between chama members will incentivize more and more activity within the chama such as more savings being done because from these savings the members can be able to earn an interest out of them while other members will have access to affordable credit. This is done through our app on the playstore with the link: https://play.google.com/store/apps/details?id=com.chamatek.app&pcampaignid=web_share

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

1. Chama members will get better returns on their savings hence incentivising them to save even more. 2. A centralised credit rating system will help the members to verify the creditworthiness of their fellow chama members hence allowing them to make informed decisions on whether to lend or not. 3. Members will get enlightened on how credit scores work and hence they will be able to borrow more so as to build their credit scores over time. 4. Members will have access to loans at lower interest rates than what the market offers and also it will be an investment opportunity for them to get a share of the loans market dominated by banks, 5. It will bring transparency to the chamas because there will be no risk of the admin stealing the funds from the member's accounts.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Chamatek is aimed at chamas who have problems growing because of technological constraints. Our product will make accounting in the group more efficient and also the model of the app will incentivize chama members to be more active because the more they borrow, the better their credit scores and the more they lend/guarantee laons, the more profit they make. The profit structure will also encourage members to bring more capital to the group because of the incentive model- each member earns a direct interest on the loans they have guaranteed.

01.05 Quand votre entreprise a-t-elle été créée ?

01/10/2023

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

0

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

I still don't have any co founders.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://chamatek.com/

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Technologies de l'information (services numériques, équipements et logiciels)

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

Chamatek will contribute to this goal by ensuring chama members have access to affordable lines of credit from their fellow chama members who are saving with the chama. This will be beneficial both to the members who are taking loans because they will be able to build their credit score and also beneficial to the members issuing the lines of credit because they will be able to earn better interest from their chamas.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

7 - tout à fait d'accord

02.02.02 Justification de la contribution de ma startup

Chamatek contributes to the zero hunger goal because low-income house holds often need lines of credit to provide for their families. Chamatek will create an ecosystem that will enable these individuals to get credit form their chama members at affordable interest rates which will enable them meet their daily expenses. It will also encourage them to save more of their incomes and get good returns on them.

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

1 - pas du tout d'accord

02.03.02 Justification de la contribution de ma startup

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

7 - tout à fait d'accord

02.04.02 Justification de la contribution de ma startup

Chamatek will educate members on the importance of fiscal discipline. The credit rating system will educate members on why it is important to have a good credit score by borrowing an repaying loans because it will enable them to earn a reputation of good creditworthiness within their chama. It will also teach the chama members on how to identify loan opportunities where they can invest their savings on.

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

7 - tout à fait d'accord

02.05.02 Justification de la contribution de ma startup

Chamatek will empower women and girls by providing them with technology that they previously had to pay for for free. It will enable them to be more proactive in investing in a market that is dominated by large financial institutions

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

1 - pas du tout d'accord

02.06.02 Justification de la contribution de ma startup

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

1 - pas du tout d'accord

02.07.02 Justification de la contribution de ma startup

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

Chamatek will provide a decent income on chama members savings because of the decent interest rates and the surety that comes with being a member of a chama. This will provide a road map for them to economic growth.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

1 - pas du tout d'accord

02.09.02 Justification de la contribution de ma startup

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

Easy access to credit will enable small businesses to grow which will make the economy more vibrant and hence a growth in GDP for such countries. The aspect of earning interest will also unlock citizens savings which would have otherwise been in banks earning very little interest rates. This will lead more economic inclusivity.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

2

02.11.02 Justification de la contribution de ma startup

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

2

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

1 - pas du tout d'accord

02.13.02 Justification de la contribution de ma startup

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

1 - pas du tout d'accord

02.14.02 Justification de la contribution de ma startup

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

1 -pas du tout d'accord

02.15.02 Justification de la contribution de ma startup

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

3

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

2

02.17.02 Justification de la contribution de ma startup

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

7 = Tout à fait d'accord

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

3

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

7 - Tout à fait d'accord

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

6

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

7 - Tout à fait d'accord

06.08 Justification

Chamatek is an improvement on how chamas work and introduces a chance for chama members to earn interests directly hence incentivising them to save even more

06.09 Analyse compétitive

Chamatek is more optimised to serving chamas that are targeted for generating more revenues for the members and also tracking the payments so as to have a unified credit rating system.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?