Salva is a savings platform that is targeted at enabling students to save for the future. It is like the traditional Kolo that people make use of to save money, but it offers much more.
Apart from keeping your money, Salva offers you mega interests as well as rewards for reaching specific milestones. These milestones are targeted at helping you save more. Its most important feature is to eliminate temptations by providing zero withdrawals until it gets to the time stipulated, which in this case is your graduation day.
An average student has money, lots of loose cash. They get money from basically everybody close to them, such as friends and relatives. Some students even engage in random jobs in school and get paid. Most of the time, these monies cannot be accounted for; it gets spent as fast as it comes in, or even faster.
After leaving school, most students are faced with scouting for jobs, which could last for a couple of months. Then, money does not come in as often as it did while they were students, or maybe not at all. They then resort to begging or other means of fending for themselves before they get a job.
The period between graduation and getting a job or starting a business is crucial.
During the research phase of this project, some pain points that were discovered are
All these problems and more is what Salva aimed to solve