Guevara is authorised and regulated by all the best conduct authorities, especially the Financial Conduct Authority (our number with them is 610292).
We pay a fortune to insurers every year in case something bad happens. If everything turns out fine, we just write the money off and accept it as the price of protection.
In Kibera, Nairobi's largest slum, they do things differently. Frustrated after a number of electrical fires burnt down their stores, shopkeepers teamed up to protect and support each other.
By everyone contributing some money each week, they have the funds to get a shop back up and running when a fire hits. If nothing bad happens the cash is still there for when they need it. It's worked for generations. They call it a chama.
They work as a group to protect each other, and not a penny is wasted. That sounded like a better system to us, so that’s what we’ve built.