M-Chama Account is a group Account that enhances transparency,   security and convenience among group members
Through M-Chama, members of a group can make deposits into the group’s joint account, and upon deposit, an alert is sent out to officials (Chairman, Secretary, Treasurer and one independent member) for verification.  Members can also request for loans from the group’s account on their phones on this service. Once it is approved by the signatories, funds are sent to their Postbank accounts or M-Pesa. In addition to this, the signatories of the group account can also check the balance using the M-Chama service

Requirements For M-Chama