Tiered Fee Configuration
Overview Steps Benefits This enhancement can significantly improve the loan application process and borrower satisfaction.
Overview Steps Benefits This enhancement can significantly improve the loan application process and borrower satisfaction.
The dashboard is back and better than ever, providing a detailed breakdown of key reports in an easy-to-understand graphical format. These reports deliver critical insights into platform activity, including: Metrics are displayed on a month-by-month basis, offering clear tracking and trend analysis over time. Key Enhancements: Steps to Customize the Dashboard Benefits of the Updated…
Fees vary from one financial institution to another. They range from Registration fees, management fees, Insurance fees etc. Some fee amounts could be high for a member to make lumpsum payment. This feature allows members to pay the fees in manageable fees overtime. Once a member logs in their member app, below are the steps…
COUNTRY USSD CODES KENYA *789*103# UGANDA *185*7*3*3# TANZANIA *149 * 46 * 19# Each country has its own USSD as indicated above. To apply for a quick loan, a member is required to set a Pin. The OTP is sent to the member by the Admin as indicated below. Once the member has set and…
The automatic SMS notifications for loan repayments and overdue reminders are important because they ensure timely communication with borrower. These notifications can be configured directly within the Credit Product Policy (CPP) settings. Setup Process: Key Points: This feature streamlines loan repayment communication, reduces defaults, and ensures borrowers are well-informed about their obligations.
The Bulk Transaction Posting feature is designed to enhance efficiency by enabling users to process multiple deposits or repayments from a single ledger. Key Features: Workflow Overview: The Teller Page now includes a Parent Component for selecting Account Type and Transaction Type, with two operational modes: Bulk Transaction Process: Each bulk entry creates individual transaction…
The Transactor Name included in the account statement provides greater transparency and detail for every transaction recorded in the system. Steps to Explore the Feature: After submission, the receipt will include all the relevant details, including the Transactor Name, ensuring transparency and easy identification of transaction initiators.
You can now receive SMS and Email Alerts for group deposit transactions! For every deposit made to a group’s savings account via the Teller, notifications will be sent to the Chairman, Secretary, and Treasurer, provided their contact details are available. Procedure for Making Deposits via Teller: Once the deposit is made, a receipt will be…
This feature that allows users—both admins and members—to combine self-guarantors (loan owners), member guarantors, and collateral during loan creation. This added flexibility simplifies loan guarantee management while offering members more options to secure their loans. Key Scenarios for Implementation: Setting Up Flexible Guarantor Options: This feature empowers organizations to tailor loan guarantees based on their…
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…