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How for create Community Savings nd Lending Group - Settings - Krio

You go lek for know how for create Community Savings nd Lending Group?

Written by Kelvin Logan
Updated over 2 years ago

All Community Savings nd Lending Groups dem get den yone group rules. The group rules dem go help you setup all den things dem ya -

- Meeting dates

- Contribution amount

- Borrowing limit

- Loan repayment terms

The fine thing about MiKashBoks na that you kin set you group rules for you group just lek how you want am!

You kin wach this video or follow den steps dem ya:

The first thing, na for click "Create a New Group"

Select "Community savings and lending association"

Choose "In Person" - So that you group go dae haandle offline transactions nd MiKashBoks go dae track group activities

Name you group nd provide wan brief description.

Choose you transaction day. E kin be daily, weekly or monthly.

For more on this, check out:

Set you Share Price nd then how much go be due by each transaction date. For more on this check out:

Set you Social Fund. E kin be any amount, a flat amount, or a range. This go due each meeting.

Set how much any member kin request for a loan.

Also, you kin set Loan repayment installments nd grace period.

For more help with Loan rules nd terms, check out:

Set the fees, or margin, way members dem go dae pay for any loan.

Then you review you settings nd make sure say everything accurate.

If you need for change anything, click 'Edit'.

If everything good, click "Create Group"

After way you don create you group, click "Invite Members".

For more on this check out:

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