Community Saving and Lending groups typically run on six-month or one-year cycles. However, this doesn't mean they can't move their group to MiKashBoks at any given time.
We support an easy transition path, allowing groups to be created and then for their existing backlog (which is usually handwritten in a ledger) to be captured.
The normal process for creating a group is:
Set group rules
Add members
Start transacting
If you are capturing backlogged meetings, you will enter the information after you set group rules and add members and before you start transacting.
Before you get started, make sure you have the group ledger and a current, accurate count of funds on hand. It is best practice to count/audit the funds the same day you capture the backlog.
It is very important to remember: The backlog follows the rules you set when creating the group, so each of those rules should exactly match how your group currently operates.
Follow the screenshots to learn how to capture your backlog or click below for a video of the process:
 After you add members, click 'Set Current Balances and Start'. |  First, enter the date your group started, this should be your first recorded meeting. Next, enter until which date you are capturing the backlog for, this should be your last recorded meeting.
MiKashBoks will calculate how many meetings should have happened during that time. You can adjust this number if needed. |  Click on the name of each member and enter the number of shares they have purchased. This can also be calculated as their total savings divided by the Share Price. |
 Enter the number of shares for each member and click submit when finished. |  If any members have unpaid Social Fund dues, click '+add'. If every member has paid their social fund dues, or you don't collect a social fund, click 'Continue'. |  If someone owes Social Fund dues, click on their name and enter how much they owe. Click record. Repeat the process for each person by clicking '+add' again. When finished click 'Continue'. |
 If your group has any active loans, click '+add'. If not, click 'Continue'. | Choose the name of each member with an active loan. |  Enter all of their loan details:
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 Finally, confirm your current group savings balance. The app will calculate this for you based on the information provided, but you should verify against the cash in your box. |  Do the same for the Social Fund. |  Lastly, double-check all of the information provided and then click 'Submit and Activate'. |