The final step way you dae operate a successful Community Savings nd Lending Group na for go through closing. Traditionally, this na way we kin count the money na the box nd ready for share out to members dem by how den don dae contribute.
All members go receive den yone Shares after way den don minus any funds due for fines or outstanding loans. MiKashBoks dae make this complex process easy.
Follow den steps den ya for close out you group:
Open the group page, tap the three dots na the top right, nd select "Group Settings" from the menu | Inside the group settings menu, you go get different options dem. Select the "Share Out" option from the menu | After the congratulations message, click "Proceed with share out" for continue with the process |
Click 'Get started' na the starting share out page for proceed | Next, you go resolve any outstanding loans. After that, click "Continue" | For settle any loan, click on 'Settle' against each name nd choose for make a payment or write off any existing loan |
For confirm, click "OK" | For repay any amount of the loan, enter the amount then you proceed |
Next, you go receive an overview of how the group transactions look |
The MiKashBoks app dae calculate all members den payout amount based on den Shares. Click 'Continue' | For confirm the payout amount for each member, click 'Share Out' | You kin 'Accept' or 'Change' the members den payout amount if need be |
After you don confirm payout, click 'Continue' for proceed with Share outs | Next you go see the Social fund balance way lef | Select the member way for receive the Social fund balance withdrawal. Enter the amount nd add the reason, then click 'Add' |
Click 'Continue' for confirm nd the app go make the transaction | By you group goals nd how you group dae progress you go click 'Start New Saving Cycle' for begin a fresh cycle, or 'End Group' for finalize group transactions | All members go receive den Share out nd the cycle go close
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Congratulations! You just don with Share out. |
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