Every Community Savings and Lending Group has its own group rules. The group rules involves setting up the following -
- Meeting dates
- Required contribution amount
- Borrowing limit
- Loan repayment terms
The great thing about MiKashBoks is that it lets you set the rules for your group exactly how you operate today!
You can either watch this video or follow the screenshots below. That'll walk you through how to set your rules in the app.
First, click "Create a New Group"
|  Then select "Community savings and lending association" |  Choose "In Person" - Your group will handle transactions offline and MiKashBoks will track group activities |
 Name your group and provide a brief description. |  Choose your transaction day. It can be daily, weekly or monthly, for more on this check out:
|  Set your share price and then how much will be due by each transaction date. For more on this check out:
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 Set your Social Fund. It can be any amount, a flat amount, or a range. This will be due each meeting. |  Set how much a member can request for a loan.
|  Also, you can set Loan repayment installments and grace period. For more help with Loan rules and terms, check out:
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 Set the fees, or margin, that a member will pay for their loan. |  Lastly, review your settings and make sure everything looks right. If you need to change anything, click edit.
If everything looks good, click "Create Group" | After you create your group, click "Invite Members". To learn more about this process check out:
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