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How to handle fines in a MiKashBoks Community Saving and Lending Group

How you can pay existing fines and add new fines during a group meeting

Written by Kelvin Logan
Updated over a year ago

If your MiKashBoks Community savings and lending groups issue fines to members, you can capture those during the recording a meeting flow.

Fines are configured to be added to your social fund. To change this, contact the MiKashBoks team.

Follow the screenshots below:

On your buy and sell shares screen, click on the three dots and select 'Manage Fines'

You will see a list of all fines due.

To make a payment, click on the member's name

You can enter the amount due, or a lesser amount, and then enter the reason.

Then click 'Pay fine'.

If there are no more fines due by members or your group, the screen will be blank.

To add a new fine, click on '+Add', at the top right-hand side

Select the member of the group who will be fined.

Enter the amount of the fine and the reason.

Next, pick either 'Record With Payment' - this means the payment has been collected at the same time the fine has been issued, or, 'Record, Will Pay Later' - meaning the fine will be collected at a later meeting.

To add another fine, click '+Add' again.

Click 'Continue' when you're done

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