Key Functions in CAMS

CAMS (Credit Access Management System) is designed to revolutionize SACCO operations through digital transformation. Here’s an extended overview of its benefits and functions:

Key Functions of CAMS for SACCOs

1. Loan Management:
   • Loan Application: Supports the creation, submission, and tracking of loan applications.
   • Approval & Rejection: Automates the approval process based on customizable criteria.
   • Loan Disbursement: Automates loan disbursement, linking directly to members’ bank accounts or wallets.
     
2. Member Data Management:
   • Profile Management: Stores all relevant information about SACCO members, including savings history, loan status, and personal details.
   • Document Storage: Uploads and organizes critical loan documents, ID cards, and other paperwork.
     
3. Repayment Tracking:
   • Automated Alerts: Sends automatic reminders to members for upcoming payments, reducing the risk of defaults.
   • Default Tracking: Identifies defaulters and flags accounts for follow-up or loan recovery.
     
4. Reporting and Analytics:
   • Custom Reports: Generates various reports such as loan performance, defaulter lists, risk assessment, and more.
   • Data-Driven Insights: Analyzes data to provide SACCOs with insights into loan trends, repayment rates, and member activity.
     
5. Risk Assessment:
   • Credit Scoring: Evaluates members’ creditworthiness based on past behavior and other factors.
   • Risk Monitoring: Tracks loan portfolios to ensure risks are mitigated early.
     
6. Savings Management:
   • Tracks members’ savings deposits and withdrawals, linking them with their loan accounts for seamless financial integration.
     
7. Integration with Digital Payments:
   • CAMS integrates with mobile money and digital payment platforms, enabling members to make loan payments easily via mobile wallets.
     
8. Regulatory Compliance:
   • CAMS ensures that SACCOs comply with all necessary financial regulations and generates reports required by regulators.

By adopting CAMS, SACCOs can improve operational efficiency, reduce risks, and provide a more seamless experience for both members and loan officers.