Why You Should Save With Kava | Kava Africa

Why You Should Save With Kava

Why You Should Save With Kava

Kava is the new way to save your money, earn daily interest and invest towards your dreams and ambitions. It’s safe, simple and convenient as all deposits are done on our secure app. All transactions from registration to transacting are on mobile, with zero paperwork. The App is available for free on the Google Play Store.

Kava was the first-ever authorized digital Independent Financial Agent (IFA) of East Africa’s leading investment firm Britam Asset Managers (K) Ltd. This means that Kava’s premier savings product – Kibaba Unit Trust – is managed by Britam as regulated by the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA) in Kenya. As such, all customer deposits go directly to Britam.

Saving any amount above KES. 1,000 through Kava attracts returns of up to 10%p.a. (Terms and conditions apply). The attractive interest rate is driven by Britam, who invest in money markets and other sure investments then plough back the profit to Kava Savers as interest on top of their deposits.

The Kava App also enables one to set, manage and track Savings goals, keeping users accountable and in line to achieve life-changing goals like paying school fees, starting a biashara, buying a car, and other things.

You can withdraw your money anytime or better still, borrow against your savings.


Frequently Asked Questions

Is Kava a Bank?

Kava is not a Bank. We are an approved Financial Services Agent for various Financial Institutions, on whose behalf we provide various products and services. As such, Kava has no access whatsoever to your savings and only facilitates the movement of money between you and the regulated financial services partner and focuses only on making your experience as delightful as possible.

How Do I Access Kava?

To access Kava, download the app on Google Play Store and follow the registration process. Alternatively, you can call 0709880000 to have our customer care agents walk you through the registration process.

I am Interested in Saving. How Do I Get Started?

It’s easy! Download the Kava App on Google Play Store, follow a simple Registration process then create your goals and specify targets. Thereafter, make your Savings deposit via M-PESA, and start tracking your goals on an in-app tracker.

What Is the Minimum Savings Amount?

At the moment, the minimum amount to activate an account and earn interest is KES. 1,000. The amount to top up your account is also KES. 1,000.

Can I Withdraw My Money?

Yes, you can – anytime. Withdrawals take a minimum of 48 hours to process. However, we encourage you to keep your money for longer and hence enjoy the attractive interest rates. The minimum withdrawal amount is also KES. 1,000.

How Do I Qualify For a Loan Against My Savings?

To qualify for Kava, you must have registered on the App and saved a minimum of KES 3,000 or more