About
Lending the way chamas already trust each other
Chamas have run informal credit in Kenya for generations, on trust and on a table book. SonkoLend puts the same group backing behind a properly disclosed loan, paid to M-Pesa, without taking control away from the officers.
What we are for
Give members of a chama access to credit at a cost they can see in full before they sign, on the strength of the savings their group has already put together, and give the officers the tools to say yes or no with the facts in front of them.
How we are different
- Every fee, the total repayable and the APR are shown before you sign, and the disclosure is binding on us.
- Two approvals on every loan: the chairperson and SonkoLend. Neither can disburse alone.
- No contact-list scraping, no shaming messages, no calls to your family. Reminders go to you and, from day 8, to your chairperson.
- No CRB listing under 30 days late, and never without 30 days written notice.
Legal and regulatory
- Legal name
- SonkoLend Ltd
Registration and licence numbers are published here as soon as they are issued.