Key nine SASRA reports have been deployed to enable compliance and streamline reporting for financial groups in Kenya.
The reports can be activated on the feature function for the SASRA regulated Non-WDT financial groups.
Below is a sample report and it provides for the signature
The withdrawal charges feature ensures a transparent and seamless transaction experience by deducting fees directly from the member’s account balance. This allows members to receive the full withdrawal amount they request, eliminating unexpected deductions. It enhances trust, improves financial clarity, and ensures accurate charge application, making transactions more predictable and user-friendly. Follow these steps to…
Overview SMS Purchasing feature enables admins to buy SMS credits or bundles within the system. These credits are used to send bulk or individual messages to a target audience. Users or admins can purchase SMS credits based on their needs in prepaid packages. Once purchased, the credits are deducted from the WBA account with each…
This feature empowers tellers with the ability to reverse transactions originating from auto debits, enhancing flexibility and precision in managing financial transactions. With this functionality, users can efficiently reverse loan repayments and member charges, ensuring seamless transaction management. This feature provides a higher level of control, reducing errors and ensuring more accurate transaction processing for…
Overview The STK Push functionality ensures a smoother loan repayment and savings contribution process. Clients will now receive a prompt to enter their mobile money wallet password upon initiating a payment. Once confirmed, the payment is securely processed, deducting the amount directly from the client’s wallet and crediting it to the SACCO/MFI account. This functionality…
Members can now borrow the same loan product multiple times. This feature allows greater flexibility in loan management and accessibility. This enhancement improves member financing options and streamlines loan processing. To enjoy this feature, the admins are required to edit the Credit Product Policy and enable its functionality Steps 5. The final step is to approve…
The “Unclose Loan” feature in Wakandi provides valuable advantages for SACCOs and MFIs by allowing admins to make necessary loan adjustments after a loan has been closed, without disrupting financial records. Benefits 1. Flexible Loan Adjustments 2. No Impact on Ledgers 3. Easy Re-closure After Adjustments 4. Improved Accuracy 5. Enhanced Workflow Efficiency The Unclose…