Migrating a Community Savings and Lending group from Ledger to Escrow enables members to make their transactions (deposits as well as payouts, including loans) directly to the group.
All you need is a smartphone that supports the app and an active E-money/Mobile money account, which can be easily linked to your MiKashBoks account.
Check out the screenshots below for a step-by-step guide to getting started:
In your Group, click on the green plus sign and select 'Upgrade to E-Money' | You'll then get an Overview of the next steps | Next, you can link your E-money account number |
You'll then be able to review your Group's current Funds, before you proceed | After that, you can set 'Group Approvers' from your Group members list. | Each of them will receive an in-app as well as SMS notification. |
After they have all accepted to be approvers for the group, you'll be able to proceed | Next, if there's funds to upload you will be able to do so and then tap on 'Continue' | Then you'll get a Congratulations notification to confirm migration |
You'll also receive an SMS notification to confirm |
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