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Migrating Community Savings and Lending - LEDGER to ESCROW

Would you like to know how to migrate a Community Savings and Lending Ledger to Escrow?

Written by Kelvin Logan
Updated over a year ago

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.
Tap on the member's name to highlight and then select 'Add 4 Approvers'

Each of them will receive an in-app as well as SMS notification.
They can either share the code received to the admin or they can 'Accept' via the app

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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