A member can pay more than the due amount but less than the total outstanding balance. This feature gives members greater flexibility in managing their loan payments. Procedure Security Customization Administrators can now choose to enable or disable OTP verification for online loan disbursement. This can be done during onboarding or after, with help from…
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…
The Summarized Portfolio at Risk Report consolidates key portfolio data into a single, unified report, replacing the need for multiple reports. This enhancement allows administrators to analyze risk data more efficiently using flexible filtering options by Branch, Loan Officer and Loan Product How to Access the Report Key Benefits of the Report
Overview Group reports give clear information about how each group is doing, helping admins make better decisions, ensure transparency, spot trends, and track performance over time. Below are the procedures to access the group report Steps to Access Group Reports: Group Names In Reports In addition to the above, a column titled Group that contains…
The Wakandi Business Account (WBA) is a dedicated platform designed to support SACCOs, MFIs, and other financial institutions in managing their financial transactions and records. It provides a centralized hub for tracking account activities, making payments, and generating statements, all while ensuring transparency and efficiency. Steps to Download the WBA Statement Wakandi allows users to…
The Group Transaction (Collection Sheet) feature allows users to process multiple transactions for a specific group in a single operation. It provides a detailed breakdown of amounts for each member, including loans, savings, and charges, ensuring accuracy and efficiency in collections. By selecting a specific group, all associated members are displayed, streamlining bulk transactions and…
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…
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…
Overview The messaging feature helps administrators manage communication effectively. They can view message logs for transparency, control SMS and email preferences for admins and members, and update messaging templates to ensure clear and consistent communication. This feature enables an admin to create a message template and specify the target segment for message delivery. The following…
Overview The system supports configurable Loan Risk Classification within the Credit Policy, enabling the financial institution to define and customize risk management criteria based on their policies. This feature allows institution to classify loans according to risk levels, ensuring a more tailored approach to loan provisioning and compliance. By setting specific risk parameters, the credit…