Platform to invest and earn daily in kenya

Carefully calculated investments give great returns and to be always safe while investing look for products that are regulated and approved by the Capital markets authority(CMA).The CMA is a regulating body charged with the prime responsibility of supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange and the central depository and settlement system and all the other persons licensed under the Capital Markets Act. It plays a critical role in the economy by facilitating mobilization and allocation of capital resources to finance long term productive investments.Most importantly CMA is tasked with Protecting investors’ interest

Some CMA regulated investment platforms that offer daily earnings but calculated monthly are in sectors like money market funds(mmfs).

Only 1 of the 35 approved institutions offer daily earnings of investments.

Mali Investments by Safaricom

Mali is an investment tool by Safaricom that allows one to invest and earn interest daily.The minimum amount to deposit is 100ksh and minimum amount to withdraw is 10ksh. The app is available on mpesa app under Grow section and via ussd code by dialling *344# option number 5.You get earning posted on your dashboard after midnight. Some of mali's features

• Invest directly from mpesa
• withdraw directly to mpesa
• 0 rated withdraw fees
• 10% interest rate
• You can access your funds anytime
• Investment performance monitor

1. Why is Mali a good choice for students?

• It is transaction-free, meaning you are not charged to deposit or withdraw.
• You earn interest daily, and it is transparent - you can see the daily interest.
• You can start with as little as 100ksh.
• You can withdraw when you need it, unlike Mshwari, where you have to wait for 2 days.
  
  

2. How do you start investing in Mali?

There are two ways to access Mali:

1. Go to the M-Pesa app:



• Download the M-Pesa app.
• Open the M-Pesa app.
• Tap on Services.
• Select ‘Mali’.
• Opt-in.



2. Use USSD code to a access mali:



• Dial *334# and choose option 5 (Financial Services), then choose option 1 for Mali. A list of options will appear invest,withdrawal,check balance.

3. What are some of the requirements to start investing in Mali?

• You need to have an active M-Pesa wallet for 3 months.
• You must be 18 years and above.
• You cannot have replaced your lines in the last three days.

4. What are the charges associated with investing in Mali?

• The Fund Manager’s fees (Genghis fees) – The Fund manager will charge 2.0% per annum.
• A withholding fee where the government will charge the customer a 15% withholding tax on the investment fund and not on the interest earned from the investment.
• A trustee’s fee where KCB Bank will charge you as the customer a 0.20% fee per annum.
• A custodial fee where will be charged at 0.15% per annum and is subject to a minimum of around Kshs. 10,000 per month

5. If you invest 300 ksh what interest will it earn?

Starting out with 300ksh and it earns a daily interest of 0.06ksh. It may seem little but the more you invest the higher the interest rate and the more days you save the more the interest accumulates. Also you cannot withdrawal less than 10ksh.