Safaricom Partners With Facebook Investors.

52-safaricom
IMAGE CREDIT: microfinanceafrica.net

The Earn , Save and Invest mantra is a cliche we have all been bombarded with whenever we seek financial advice. Well, a group of Facebookers have taken the phrase a notch higher by doing what most fear ;Earning , Saving and Investing their dues.

The group which has its numbers currently crunching to over 200k members has set a Kshs. 103,350 savings target.

To work their way through the challenge, each member is to deposit Kshs. 3,900 by week one to a savings account.The amount is set to reduce by Kshs. 75 each week through to the 52nd  week.

52-week-chart
IMAGE COURTESY: 52-Week Savings Challenge.

The good thing with the challenge is that one is not constrained to the group’s weekly target as long as they remain disciplined.

52-3

52-2

This initiative has since attracted the attention of Safaricom Limited who has expressed interest. Safaricom, through its mobile phone-based money transfer (Mshwari), is now sponsoring the 52 week challenge .

52-safaricom

The groups’s founder Felista Wangari has however cautioned members against falling for scams .

52-f

Those interested in joining the group can follow this link

Advertisements

2 Comments Add yours

  1. Savings is good business for Safaricom’s products like Mshwari and KCB Mpesa…they must dive in so as not lose a potential market of over 200k users.Very opportunistic of them!

    Liked by 1 person

    1. fredmuriuki says:

      Safaricom really knows how to tap into its market.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s