Managing loan interest just got easier! Our latest enhancement introduces a flexible interest waive-off feature, allowing users to waive interest at any stage—accrued, unaccrued, or total—directly from the loan details interface. ✅ 1. Waive Interest Anytime You can now waive: 📍 Access Path:Accounts → Loans → Loan Details → Waive Off Interest 🧾 2. Waive…
We are excited to announce a significant enhancement to our Credit Policies: the “Accrue Interest After Maturity” toggle. This new configuration option empowers users to better manage interest accrual on overdue loans, providing more flexibility and control over financial obligations. Key Features: Interest Cap Configuration With this new feature, users can set a maximum interest…
The system now includes the total loan balance along with the due amount when members check their loans via USSD—ensuring accurate and complete information every time. Steps To check loan balance via ussd
Wakandi has added a download feature to the Online Reconciliation Module to improve your Mpesa reconciliation process. After uploading and reconciling Mpesa statements in the system, administrators can now download the reconciliation data for reference, reporting, or audit purposes. This ensures better traceability and a smoother reconciliation workflow. Video Demonstration
The system now has a single date picker across all types of Loan Aging Reports to ensure consistency in data reporting. All reports reflect the same figures, enhancing accuracy and simplifying analysis. Steps 1. Click on Reports .2. Select Loans.3. Click on Loan Aging Report 4. Click on Calender to select in the Month,Year and…
We are excited to announce a significant enhancement to our Accrued Interest Report! This new feature now includes closed loans that were active during a selected date range, providing users with a more comprehensive view of interest accruals. What’s New? Benefits Take an example of the closed loan below; You will now be able to…
We’ve Made Loan Tracking Even Smarter – Just for You! 💡 We’re excited to introduce a new improvement that makes loan management more flexible and accurate! 🎉 The Loan Schedule now automatically adjusts for backdated transactions, so repayments reflect the actual date they were made—not just when they were posted. This means tellers can now…
We are excited to introduce a new feature in our system. The Improved overdue loan detection is a feature that will allow loans to be be flagged as “Overdue” based on specific provisioning rules rather than relying solely on late payment charges. This enhancement will ensure more accurate classification of overdue loans, leading to better…
The system now automatically displays loan officers linked to the selected SACCO or MFI branch. Users can also search by typing the officer’s name, making the assignment process faster, more accurate, and more efficient. Steps 1. Click on Clients on the left-hand side.2. Search for the specific Client you wish to apply a loan for.3….
The system now automatically aligns loan repayment schedules with a group’s predefined meeting day during loan application, ensuring consistency and easier tracking of repayments. Steps on how to set the group’s meeting day 1. Click on Clients on the left-hand side.2. Search for the specific Group then edit.3. Click on the Group meeting day. 4….