Every Community Savings and Lending Group has its own group rules. The group rules involve 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!
To start a Community Savings and Lending Associaltion Group, scroll down from the app and select Open Group Savings, to set it up.
You can go ahead and follow the screenshots below:
 From the Group Setup section, select the second option: Community Savings and Lending Association. |  A confirmation dialog box will appear. Click Continue to proceed |  Select Mobile Money as the deposit method for Escrow Groups. |
 Input a Group Name and a brief description for your savings group. |  Choose how often group transactions will occur: Daily, Weekly, Monthly For more on this, check out:
|  Set the value of each share in your group. For more on this, check out:
|
 Set the social fund deposit amount (if applicable). |  Define the maximum loan amount that members can request |  If voting is required, set the minimum number of votes needed for approval. |
 Also, clearly define any fees members should pay for loans if any |  A summary of your group rules will be displayed. Click Create Group to finalize setup. |  After a few seconds, your group will be created. |