SACCOS and Microfinance Systems
SACCOS & Microfinance System is a comprehensive software solution designed to streamline and optimize your microfinancing operations. This system boasts several key features that will help you efficiently manage financial transactions, member accounts and loan tracking while generating valuable reports for analysis.
1. Managing Financial Transactions: With this feature, you can easily process deposits, withdrawals and other financial transactions within your organization.
2. Managing Member Accounts:
Keep track of all your members' information including personal details, account balances, transaction histories and more with this convenient feature. You can also set up automatic notifications for important updates or events related to each member's account.
3. Managing Loan Tracking:
This feature enables you to create loan accounts for members along with repayment plans and schedules. You can monitor the status of loans such as pending payments, late fees, extensions or any modifications made by borrowers.
4. Generating Reports:
- (i). Final accounts including Balance sheet, income statement,statement of change in equity, cash flow.
- (ii). Trial balance, reconciliation statement, general ledger, client balances, loan disbursed report.
- (iii). Budget forecast and actual budget report, expected loan repayment, loan performance report.
- (iv). Performance ratios are incorporated as per Microfinance Act 2018 and cooperative standards.
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