Comprehensive Income Report by Loan Officer and Branch

The detailed income reports, segmented by branch and loan officer, provide branch managers and executives with valuable insights to assess individual loan officer performance. This robust reporting toolkit empowers them to evaluate outcomes and enhance strategic decision-making. Key Highlights How to Access the Report Benefits of This Feature

Understanding Loan Schedules and How to Download Them

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…

Modifying Loan Product

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…

Managing Dormant Members: Exit or Deactivation Made Easy

The Exit/Deactivate Member feature allows organizations to manage inactive members while preserving their data for reporting, audits, or historical reference instead of permanently deleting records. Why Exit or Deactivate Members?✅ Compliance: Ensures adherence to organizational policies.✅ Data Retention: Keeps historical records intact for future use.✅ Flexibility: Provides a non-permanent approach to handling inactive members. How…

Loan Details and Reporting

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,…

Importing Multiple Fixed Deposit (FD) Accounts for the Same Member

The system has been enhanced to allow the import of multiple Fixed Deposit (FD) accounts with the same product name for a single member, offering greater flexibility in managing FD accounts. Follow the steps below to execute the process: By following these steps, you can easily import multiple FD accounts for the same member, streamlining…

Unclose Loan Feature

The “Unclose Loan” feature in Wakandi provides valuable advantages for SACCOs and MFIs by allowing admins to make necessary loan adjustments after a loan has been closed, without disrupting financial records. Benefits 1. Flexible Loan Adjustments 2. No Impact on Ledgers 3. Easy Re-closure After Adjustments 4. Improved Accuracy 5. Enhanced Workflow Efficiency The Unclose…