Wakandi CAMS has an update to the import tool, introducing additional data fields for SACCO members and the Micro Finance Institution’s customers. This enhancement ensures more detailed member profiles, improved data accuracy, and streamlined management processes. What’s New? The following data fields have been added to the import tool to provide a more comprehensive member…
This feature enables administrators to customize loan applications by editing or overriding the following parameters, as specified in the Credit Product Policy (CPP): This customization applies exclusively to new loan applications. Steps for the New Implementation:
The Monthly Data Filter is available in the Wakandi admin panel. This feature allows users to view and analyze financial data on a month-by-month basis, providing greater flexibility and control over data insights. How to Access the Feature: Key Highlights:
Wakandi CAMS has the ability to backdate loan disbursements! This ensures that loan repayment schedules now accurately reflect backdated transactions, enhancing record accuracy and customer trust. Watch the DEMO below to learn the steps in detail (best viewed in full screen). Steps to Use the Backdated Loan Disbursement Feature:
Accessing quick loans has never been easier! Wakandi now has a prominently visible Quick Loan feature in the Member App. With just a few clicks, members can apply for a loan effortlessly. How a Member Can Apply for a Quick Loan
The SMS Unit allows administrators to purchase SMS credits directly from the WBA balance. Automated Credit Deductions Paid vs Free Messages User Alerts for Credit Management
A loan schedule is a vital tool for both lenders and borrowers, offering a clear outline of repayment terms, including payment dates, amounts, and applicable interest. It helps borrowers plan finances effectively and ensures lenders can track repayments accurately. This promotes transparency, simplifies communication, and reduces misunderstandings. How to Download a Loan ScheduleWakandi makes it…
During loan application: Credit officers and loan approvers now have the ability to modify the loan product during the approval stage without needing to delete the application. This enhancement improves flexibility and efficiency when handling pending loans. In addition, we can also override the Credit Product Policy set to configure the grace period. This can…
The feature allows organizations to manage dormant or inactive members more effectively by preserving their data for future reference instead of permanently deleting records. Why Exit or Deactivate Members?Exiting or deactivating members ensures compliance with organizational policies while maintaining accurate records. It’s particularly useful for handling members who become dormant or request to leave, allowing…
Wakandi has introduced its Loan Details and Reporting features to provide a deeper understanding of loan information. The updated Loan Details section, visible on the member’s loan dashboard, now includes a detailed Arrears Breakdown, featuring: Loan Status Tracking In addition to the enhanced loan details, Wakandi now offers improved loan status tracking with a clear,…