Chamapesa

Chamapesa

Created using Figma
Created using Figma
Chamapesa will create a blockchain-based ‘last billion banking network’ to support saving circles. Chamapesa can extend far beyond Saving Circles: it could also offer a solution to the much larger problems of identity and the unreliable web of trust in the blockchain world.
Token Sale
Sep 24, 2018
Oct 1, 2018
100% completed
Raised funds - no Data
past
Company Details
Registered Country
Bermuda
Additional Details
Categories
Platform

About Chamapesa

A Chama, like any saving circle, is a smallgroup of people who trust each other, make a commitment to save money together, and meet
weekly or monthly in pursuit of their goals. There are two types of savings and credit associations: Rotating Saving and Credit
Associations (ROSCA) and Investment-based savings and credit associations (Accumulating Savings and Credit Associations - ASCAs). 2
They contain between three and 30 members who pool their savings together and invest as a group. 3 These are the simplest and most popular form of saving circles around the world. In the US alone, rotating saving clubs formed by immigrant communities are a $30 billion market. Rotating groups (ROSCA) provide members with regular cash sums. A group of friends agree to save a certain amount, either weekly or monthly. Each cycle, a different member takes home the funds paid in. For example, ten members save $100 per week. Each week, one member will take $1,000 home. There’s a risk that someone receiving a payout early in a rotation may default on payments before the rotation ends. The solution is to structure payouts: the most trusted members receive theirs first, and the least trusted (ie, newest) members receive them last. Additionally, Chamas require new members to be guaranteed by existing members. Because of their simplicity, rotating Chamas are the most popular. In Kenya, there are three times more rotating clubs than investment clubs.

Activity

Members:
5
VERY LOW
30 Days Growth:

Chamapesa Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ian Grigg
CTO
unverified
Ken Griffith
CEO
unverified
Michael Kimani
CMO
unverified
Arthur Doohan
CFO
unverified
Eva Stöwe
Governance Architect
unverified
Toffene Kama
COO & Head of Product
unverified
Simone Smith Bean
Legal Counsel/Corporate Law
unverified
Hon Marc Bean J.P.
Chairman
unverified

Advisors

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Attention. There is a risk that unverified members are not actually members of the team

Gabrielle Patrick
Advisor
unverified
Niti Bhan
Advisor
unverified
3.51
stable
5.0 7
ICO Profile Vision Activity Potential Product Team
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