0, The 52 Week Savings Challenge is a money-saving challenge that spans over the course of 52 weeks throughout Jan- Dec 2020. Join the fun and let’s help you achieve your goals. The amount that one chooses increases by a similar amount to the initial deposit per week. What teachers will now need to be promoted to head schools, Ask Kirubi: 7 Good Entrepreneurial Habits That Die Hard, Where are they now? “We realised they were spending money on betting, drinking and other activities which were not paying them back. Your email address will not be published. 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.). Log into your account. It has become increasingly popular among Kenyans because of the high return rate. 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. Things are becoming more expensive- with unga, fuel and electricity prices going up life is definitely set to cost people more. 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. 68,900 … 2,600. The aim is to reach a minimum of Sh34,450 by saving Sh25 per week or Sh68, 900 by saving Sh50 per week. privacy policy and European users agree to data transfer policy. Watch as it adds up to $1,378 in savings in one year. To cushion the youth, the micro-finance started the weekly saving challenge to help youths and Kenyans plan for a dry spell. Submit your stories now via social or: WhatsApp: +254714 724 818 Email: news@pulse.co.ke, Thank you! You need to be always prepared,” he said. 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. Recent Posts. 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. These are just a few of... Save as little as Sh25 in SMEP 52 weeks savings challenge. 52 Weeks Savings Challenge June 6, 2020 Millennial Money Blogger 0. Eyewitness? 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. I made my first million at age 23, now here’s what I know about creating wealth. It has become increasingly popular among Kenyans because of the high return rate. A customer can join the challenge at any time throughout the year when they are readily provided they set a target minimum Ksh. 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. “Around January, people claim that weeks become longer and the month is the longest every year. The aim is to reach Sh34, 450 through saving Sh25 per week. He also intends to reach out to pregnant women for savings that will cushion them at birth. This site uses Akismet to reduce spam. 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. Zari and Diamond Platnumz are getting back together, Links to the Best Telegram Channels, Groups in Kenya. 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. This feature was first published on People Daily. 133 million pay. So to help people be prepared through financial management, we incorporated this model to help the youths save responsibly,” he said. Save $1,378 in 52 weeks. 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 and set the period as the number of months to Dec 2019. Recover your password smep 52 week challenge. SMEP micro finance bank is helping further cultivate a saving culture among Kenyans using their Nyota Njema Account. The 52 week saving challenge allows Kenyans to save up to Sh137, 800 by saving Sh100 per week. SMEP micro finance bank is helping further cultivate a saving culture among Kenyans using their Nyota Njema Account. 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. Millennial Money Blogger These are not emergencies and people must not treat them as such. The amount that one chooses is incremental per week. 68,900 at the end of the year. If you prefer to : save the same amount each week, save $26.50 per week for 52 weeks.