About Stanbic Chama App
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...
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 and transacting. You can deposit money into your personal wallet from Mpesa, and also withdraw from your wallet to Mpesa.
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.
- Loans
When groups are created, one of the options is to indicate whether the group will make use of the Loans functionality.
There are many great features to help make management of loans easier on the group officials.
The group can specify the following rules;
> whether loans must be approved by officials and how many approvals are required
When a member applies for a loan, they can see the maximum amount that they can apply for as well as the calculation that resulted in the amount.
The Chama app uses an invoicing system to ensure that there is clear visibility on the loan disbursement, and the repayments by the member.
- 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.
The Chama app has inbuilt, real time chat. The chat also has a polls feature which allows the group to vote on important decisions.
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!
Previous Versions
Here you can find the changelog of Stanbic Chama App since it was posted on our website on 2023-06-09 22:44:16.
The latest version is 4.8.0 and it was updated on 2024-04-22 12:19:44. See below the changes in each version.
Stanbic Chama App version 4.8.0
Updated At: 2024-04-16
Changes: We are always enhancing the app, with bug fixes and improvements.
Please keep your app updated to benefit from any new features and enhancements
Stanbic Chama App version 4.2.0
Updated At: 2023-12-19
Changes: -Download transaction history for your personal wallet and group wallets
Stanbic Chama App version 4.1.0
Updated At: 2023-12-06
Changes: -You can request an advance from a group. The request amount can be changed & a repayment amount added by officials before approval. Decisions are required
-You can repay an advance on the Make a contribution to a group card
-You can create a disbursement request for yourself. The request amount can be changed by officials before approval. Decisions are required
-Irregular frequency is available for Contribution & Disbursement frequency
-Contribution & Disbursement frequencies can be changed
Stanbic Chama App version 4.0.0
Updated At: 2023-11-08
Changes: -Access help by opening the side menu on the home page and touching the Help and Learn menu option
-Bring your own member card into focus by touching the new 'Me' filter on the Group Member tab
-Filter by beneficiaries or by a specific group role with the new Beneficiary and Role filter chips on the Group Member tab
Stanbic Chama App version 3.17.0
Updated At: 2023-10-25
Changes: -Touch the My Wallet card on the home page to make contributions to groups you belong to, send money to a connection and withdraw funds from your wallet. You can also view your personal transaction history, personal goals and invoices here
Stanbic Chama App version 3.16.0
Updated At: 2023-10-11
Changes: -You can now sign into the app using your face. You can still sign in using your fingerprint or app code as well.
-Filter your transaction history by a group
-A running balance has been added to transaction history. Touch a transaction history card to see what your wallet or group wallet balance was at the time of the transaction
Stanbic Chama App version 3.15.0
Updated At: 2023-09-27
Changes: -View the list of attendees for group events
Stanbic Chama App version 3.14.1
Updated At: 2023-09-20
Changes: -We're always enhancing the app, with bug fixes and improvements
-Please keep your app updated to benefit from any new features and enhancements
Stanbic Chama App version 3.13.0
Updated At: 2023-09-01
Changes: -Create group events
-Cancel group disbursements
Stanbic Chama App version 3.12.2
Updated At: 2023-08-23
Changes: -Performance improvements
Disclaimer
Official Google Play Link
We do not host Stanbic Chama App on our servers. We did not scan it for viruses, adware, spyware or other type of malware. This app is hosted by Google and passed their terms and conditions to be listed there. We recommend caution when installing it.
The Google Play link for Stanbic Chama App is provided to you by apps112.com without any warranties, representations or guarantees of any kind, so access it at your own risk.
If you have questions regarding this particular app contact the publisher directly. For questions about the functionalities of apps112.com contact us.
