Previous Implementation: When a loan was topped up with an additional amount, the loan application would enter a pending state with a new principal amount calculated as:(Outstanding principal + Additional amount). After approval, the previous loan status would update to “New” with the adjusted principal amount. The following are steps of the new implementation.
Now we have easy access to quick loan through a very visible section in the Wakandi Member App. By just a click of a button(s), and you’re good to go. The SACCOs/MFIs have to choose eligibility filters for their members to be able to experience this improved feature. Below are the steps you can follow…
Objective:To improve data quality and ensure members provide complete and accurate personal information during onboarding by enforcing separate mandatory fields for First Name and Last Name. Follow the procedure below
You can now receive a transactional alert via SMS and email. An SMS and email notification(s) will now be sent to the Chairman, Secretary, and Treasurer (if their contact details are provided) for every deposit transaction made to the group’s savings account by the Teller. Follow the procedure below
Backdated loan disbursements now shows the correct date in CAMS ensuring loan repayment schedule accurately reflects backdated transactions. The DEMO below will show the steps too (especially when viewed in fullscreen). The following are the steps on how to execute the new feature;
We have removed the validation from the “Pay Loan” feature on the member side, allowing members to pay more than the due amount but less than the total outstanding balance. This enhancement gives members greater flexibility in managing their loan payments. mmmm Follow the procedure below
The following are the steps taken to download the statement from WBA.
The system has been now enhanced to allow the import of multiple FD accounts with the same product name for the same member, providing more flexibility in managing FD accounts. The following are steps on how to execute this.
Here are the steps we can take to explore this further: