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How for Capture the Group Backlog - Krio

How you go able for move mid-cycle Community Saving Group to MiKashBoks

Written by Kelvin Logan
Updated over 2 years ago

Community Saving and Lending groups dem kin dae run for six-month or one-year cycles. But this nor mean say den nor go able for move den group to MiKashBoks at any time.

We want make all things easy, so you go able for enter you group backlog (way kin dae na ledger) after way you don create you group.

Normally, na di process this for create group:

  1. Set group rules

  2. Add members

  3. Start transacting

If you dae enter backlogged meetings, you go enter the information after way you don set you group rules nd add members nd before you start for make any new transaction.

Before you begin, make sure say you get the group ledger nd the current accurate count of cash na the box. E go fine make you cross-check the cash na the box the same day way you dae capture the backlog.

Make we member say: The backlog dae follow the rules way you set way you bin dae create the group, so na for make sure say den rules dem dae for match with how you group dae operate.

Follow den screenshots dem ya for learn how for capture you backlog or watch the video:

After you don add members dem, click 'Set Current Balances and Start'.

First, enter the date way you group start, this for be you first recorded meeting. Next, enter until which date you dae capture the backlog for, this for be you last recorded meeting.

MiKashBoks go calculate how many meetings for don happen during that time. You kin adjust this number if need be.

Click on the name of each member nd enter the number of shares way den don purchase. This kin also be calculated as den total savings divided by the Share Price.

Enter the number of Shares for each member nd click 'Submit'.

If any member get unpaid Social Fund dues, click '+add'.

If all the members dem don pay den Social Fund dues, or you nor dae collect Social Fund, click 'Continue'.

If somebody owe Social Fund dues, click on den name nd enter how much den owe.

Click 'Record'.

Just click '+add' again, you go do the same for each person. Way you don, click 'Continue'.

If you group get any active loans, click '+add'.

If not, click 'Continue'.

Choose the name of each member way get active loan.

Enter all den loan details:

  1. The amount way den borrow.

  2. The fee (note this go be calculated from the group rules, but you kin adjust am).

  3. The time way the loan due.

  4. The unpaid balance.

  5. den you click 'Submit'.

  6. Repeat the process for all the members dem with loans.

Finally, confirm you current group savings balance.

The app go calculate this for you based on the information way dae, but you for verify against the cash na you box.

Na for do the same for the Social Fund.

Lastly, double-check all the information way you don enter nd click 'Submit and Activate'.

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