Accelerate growth with Mfuko SACCO management software
With more rich features than an average banking software, explore what we’ve tailored just for you
Eliminate errors and time wastage in loans management
If your team is taking forever to give a single loan.
And forever to recover a single loan.
Because they have to manually check for loan eligibility, work on every process manually, and check one by one who has paid and who hasn’t.
How do you expect them to work on clients fast or act quickly to recover loans in arrears?
Mfuko Plus automates loans management and helps your team to
- Run multiple loan products to match various members’ needs
- Input loan applications, approve and disburse funds to individuals or groups in the system
- Track the performance of different loan products
- Generate loan portfolio balance, performance, and arrears list
- Generate loan payment schedules and view repayment history for old loans
- Automate notifications to clients on their loan processing stage and reminders to pay the loan
- Track the progress of client’s loan applications
- Add collateral and guarantors to loans
- Write off and close loans
- Get the approved or rejected, and closed loan report
You’ll instantly tell if work is not going on well with Mfuko Plus money lending management software
Eliminate chaos in members’ data management
If you’re a growing SACCO, and storage of personal information is a problem.
Things like members’ personal details, passport photos, signatures, and more.
And it’s another problem when you want to retrieve and use this information.
Then get Mfuko Plus.
Under Manage members and clients, your team can
- Capture members’ and clients’ details, register them, and generate for them account numbers
- Register small groups within the SACCO, add members to them, and give them group account numbers
- Run various account types as per your SACCO needs
- Have a digital record of members’ personal details or group details, contacts, and their financial information
- View data on total members, groups, dormant accounts, and active members
- Track members’ or clients’ activities and history with your institution
And you get bite-size reports of everything going on in your membership section.
Never worry about having tiresome days with low productivity
Never worry about having tiresome days with low productivity.
You want many deposits to come in, but your team thinks it’s too much work adding up deposits.
With Mfuko Plus, automate all the recording, calculations, and storage of savings, contributions, and interest.
Your team can
- Deposit and withdraw savings from members’ accounts and have the system automatically update account balances.
- Run multiple savings products to cater to diverse members’ needs.
- Do in-house fund transfers from one account to another.
- Get real-time updates and reports on the total savings and interest for members.
- Your team will happily encourage the deposits if you make work easier for them.
And, with your all-seeing eyes in your pocket, you can log in to Mfuko Plus and have a preview of what’s happening.
And the breakdown – if you like.
Get a free router and free wireless internet when you enroll for Mfuko Plus
Quick. Secure. Error-free
One full cake, 8,650 members to share.
Manual management of shares and computation of dividends comes with many errors and hard work.
With Mfuko Plus, you can
- Sell, buy, or transfer shares and have real-time data on any transactions.
- Add SACCO’s total share capital and set share prices and limits.
- Run reports on shares transactions for a given time.
- View reports on total shares, shares balance, and shareholders.
- Get automated dividend calculation and distribution.
Stay on top of your shares transactions. Use Mfuko Plus to efficiently manage your members’ shares and equity easily.
Cut unnecessary expenditures in your business
If you can’t quantify the expenses and see the details, you can’t know where to put controls. What was the impact of the extra allowances you approved?
With Expense management, you can
- Record expenses and view expense reports.
- Track and monitor day-to-day expenses of the financial institution in real-time.
- Produce customized expense reports and analysis for specific periods and categories of expenses.
- Use the budgeting tools to manage and control costs.
Because the outflow matters just as much.
Test drive and see what Mfuko Plus can do for your SACCO. Zero commitment. Zero charges
Never waste time making endless calls again
Answering and making endless calls makes your team busy and tired.
But does it move business? No.
With our messaging feature, you get to
- Send automated notifications to your members or clients for any activity or transaction on their accounts, e.g., deposits, withdrawals, loan approvals, loan repayment reminders, and more.
- Send bulk messages for general SACCO activities, updates, and reminders.
- Segment and send messages to specific people.
- Choose your message channels—SMS or email, or both—and keep your members engaged and informed.
Let your team focus on activities that grow business as Mfuko Plus automates messaging.
Eliminate distrust and time wastage in your SACCO
The inquiries never stop. And it’s okay. We all want to stay updated about our accounts.
But, must it always be the slow, physical, time-wasting, and in-person inquiries about your account?
Save your team the time used to answer different members’ inquiries.
Let your SACCO members log in to the Members’ portal and access
- A view of their total savings, shares, loan balance, and transaction history.
- Viewing and downloading their SACCO account statement.
- Making online loan applications and tracking the progress of their applications.
- Update of basic personal information and contact details online.
Your members will praise you for the convenience and transparency Mfuko Plus enables.
Never second-guess information about your staff
Manual keeping of staff personal records can be cumbersome.
Save time and keep all your staff information online in a unified location.
With Mfuko Plus SACCO management software, you get to
- Add or remove staff with any necessary details about them in an online secure location.
- Create system user rights/access for staff if need be.
- Allocate system user rights to different staff to access different features in the system as per their job requirements.
- Generate unique identifiers for your staff.
- Store personal files for present and past employees online.
Retrieval, viewing, and editing staff personal files shouldn’t be a problem again.
Never miss to reflect any expense on your books of accounts
You don’t have to start your manual payroll afresh every month. More errors are bound to happen this way.
Instead, fine-tune one in the system, and make payments as needed.
With Mfuko Plus’s Payroll feature, you can
- Enroll and remove staff on the payroll
- Pay staff salaries and allowances
- Give staff advances
And have all your payroll expenses automatically reflected in other books of accounts.
Eliminate DRAFT 8, FINAL FINALLY 7 financial report
Your manual, painstakingly tedious financial reporting comes with errors.
Embrace Mfuko Plus and get summarized, detailed, analytics, and all kinds of reporting.
It has a full suite of automated financial reporting, unlike ANY other financial reporting system including
- General ledger
- Individual ledger
- Account reconciliation
- Member accounts statement
- Trial balance
- Balance sheet
- Income statement
- Revenue report
- Expense report
- Cash flow statement
The reports come as tables, charts, graphs, plus a word-by-word breakdown.
With all the reporting, it just got a whole lot harder to make the wrong decision for your SACCO or money-lending business.
