If you successfully follow the challenge you will end up with Ksh. What teachers will now need to be promoted to head schools, Ask Kirubi: 7 Good Entrepreneurial Habits That Die Hard, Where are they now? ed to steer the youths off the addictions such as betting where most disposable income currently ends up, SMEP Micro-finance Bank leveraged on an ingenious 52 weeks savings challenge. To cushion the youth, the micro-finance started the weekly saving challenge to help youths and Kenyans plan for a dry spell. Copyright © 2020 | WordPress Theme by MH Themes, mshwari lock savings account interest rates calculator, Chipper Cash Paybill Number: Deposit Money From Mpesa to Chipper Cash, ABSA Bank Paybill Number: Deposit Money From Mpesa to ABSA Bank, SBM Bank Paybill Number: Deposit Money from Mpesa to SBM Bank. 68,900 … On week 1 you save a minimum of Ksh.50, on week 2 you save Ksh.100 and so on until week 52 where you save Ksh. By clicking again you agree to our This site uses Akismet to reduce spam. I made my first million at age 23, now here’s what I know about creating wealth. With an incentive of up to Sh137,800 after 52 weeks of saving Sh100 weekly, the money can go a long way to offset bills. 52 Weeks Savings Challenge June 6, 2020 Millennial Money Blogger 0. “We realised they were spending money on betting, drinking and other activities which were not paying them back. SMEP chief executive Symon Kamore told People Daily that the now famous January cash crunch — christened Njanuary — informed this creative saving model as youths continued betting but claimed they did not have money. 68,900 and set the period as the number of months to Dec 2019. You need to be always prepared,” he said. Recent Posts. Save my name, email, and website in this browser for the next time I comment. Watch as it adds up to $1,378 in savings in one year. Forgot your password? The aim is to reach Sh34, 450 through saving Sh25 per week. This is expected to not only deepen Kenya’s savings culture but also help people achieve their goals as the cost of living increases through prudent management of cash. “Around January, people claim that weeks become longer and the month is the longest every year. The 52 Week Savings Challenge is a money-saving challenge that spans over the course of 52 weeks throughout Jan- Dec 2020. Details of Kenya’s legendary radio presenters, Sports Betting 101 – The Basics, Simple Tips & Strategy, Kenya in space station deal with China as US raises alarm, Alarm as Cytonn fails to pay investors Sh. The 52 week saving challenge allows Kenyans to save up to Sh137, 800 by saving Sh100 per week. The amount that one chooses increases by a similar amount to the initial deposit per week. It has become increasingly popular among Kenyans because of the high return rate. Submit your stories now via social or: WhatsApp: +254714 724 818 Email: news@pulse.co.ke, Thank you! But if they could save as little as Sh25 or Sh50, they could pool a huge chunk of money which can help them,” he said. 68,900 at the end of the year. 133 million pay. This feature was first published on People Daily. Eyewitness? 123 million dues, Sacked senior Equity manager now demands Sh. These are just a few of... Save as little as Sh25 in SMEP 52 weeks savings challenge. Enabled by a mobile application, and financial literacy lessons from the organisation, 7,000 youths managed to save in excess of Sh50 million from the initiative. privacy policy and European users agree to data transfer policy. The 52 week saving challenge allows Kenyans to save up to Sh137, 800 by saving Sh100 per week. If you prefer to : save the same amount each week, save $26.50 per week for 52 weeks. 0, The 52 Week Savings Challenge is a money-saving challenge that spans over the course of 52 weeks throughout Jan- Dec 2020. Using the simple sheet below a user can keep track of the money they have been saving. A customer can join the challenge at any time throughout the year when they are readily provided they set a target minimum Ksh. SMEP micro finance bank is helping further cultivate a saving culture among Kenyans using their Nyota Njema Account. Save $1,378 in 52 weeks. Log into your account. Welcome! June 6, 2020 Simply save the number of dollars each week that corresponds with the week of your challenge ($1 in week one, $12 in week 12, etc.). 2,600. smep 52 week challenge. These are not emergencies and people must not treat them as such. Things are becoming more expensive- with unga, fuel and electricity prices going up life is definitely set to cost people more. “Nothing is an emergency, taking children to school or even giving birth. With Kenya huge informal sector, most youths cannot mobilise resources monthly, making the weekly challenge an appropriate way to accumulate cash for many youths who are currently in small-scale businesses such as boda boda. © 2020 Bizna Digital Services | All rights reserved. It’s that simple! Your email address will not be published. You have successfully subscribed to receive the Pulselive newsletter pulselive.co.ke, Don't miss a thing, get the latest updates to fuel your conversation daily. So to help people be prepared through financial management, we incorporated this model to help the youths save responsibly,” he said. Birthed to steer the youths off the addictions such as betting where most disposable income currently ends up, SMEP Micro-finance Bank leveraged on an ingenious 52 weeks savings challenge. Join the fun and let’s help you achieve your goals. To cushion the youth, the micro-finance started the weekly saving challenge to … Millennial Money Blogger In its second year, SMEP plans to take the saving concept to parents with children in classes six, seven and eight targeting school fees in Form One. It has become increasingly popular among Kenyans because of the high return rate. SMEP micro finance bank is helping further cultivate a saving culture among Kenyans using their Nyota Njema Account. Learn how your comment data is processed. Recover your password The 52 Week Savings Challenge is a money-saving challenge that spans over the course of 52 weeks throughout Jan- Dec 2020.

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