The management of Safaricom-backed taxi hailing app Little is set to launch a mobile-based Savings and Credit Co-operative Society (Sacco) for its drivers.
Little, an app created in partnership with a local financial technology company (Fintech) Craft Silicon, will cover the firm’s more than 4,000 drivers under a Sacco called Little Sacco.
Craft Silicon chief executive Kamal Budhabhatti on Wednesday said this would be the first virtual Sacco in the country.
“The Sacco is already registered. We are now figuring out when to launch it. The Sacco will be operated entirely on mobile phone, and drivers will be able to do everything on the mobile,” said Mr Budhabhatti.