The informal sector workers, including youth, are not covered by any regulated savings or social insurance schemes to help cushion the workers from shocks, loss of jobs, etc. In line with the National Social Security Fund (NSSF) of Kenya Act No. 45 of 2013 and Government agenda of providing universal social security coverage, NSSF developed a product “haba haba” which has short term maturity period.
The Fund partnered with mobile network operator using a robust and innovative method known as split technology for bundled incentives such as health, funeral grant, mobile data and welfare membership. This is where a member registers and makes one payment that is split using technology for different incentives e.g. a boda boda rider pays 60 Kenyan shillings (KES) (KES 25 for social security, KES 18 for health, KES 17 for welfare, and KES 2 goes to the split technology).