Rika is a revolutionary microfinance platform that connects communities, enables financial inclusion, and drives sustainable economic growth through innovative lending solutions.
Rika runs the savings and lending that chamas already do — the record keeping, the money, and the rules — so a group can stop tracking it in a notebook.
Members contribute by M-Pesa. Every payment is recorded against the member who made it, and the group's balance is the sum of them — visible to everyone, not just the treasurer.
A member borrows against what they have saved. Beyond their own limit, fellow members consent to guarantee the rest, so a loan is backed by people who agreed to back it.
Interest paid on loans returns to the group. At the end of a cycle it is shared out as dividends, weighted by what each member saved and for how long.
Dial *519*50# to contribute, borrow or check a balance without a smartphone or data. The member portal shows the same figures in more detail.
Our group-based lending model fosters community support and accountability, ensuring higher repayment rates and stronger social bonds.
Advanced security measures and complete transparency in all transactions build trust and confidence among our members.
Access to credit enables small businesses to grow, families to invest in education, and communities to prosper together.
Modern digital platform accessible from anywhere, making financial services available to even the most remote communities.
Round-the-clock customer support and comprehensive training programs ensure smooth operation and maximum benefits for all members.
Advanced analytics and reporting tools provide insights into performance, helping optimize lending strategies and improve outcomes.