NavigateERP for African business

Setting up the SACCO

Your constitution in the system - nothing is hard-coded.

Steps

  1. Go to SACCO → Settings (approvers).
  2. Branches, stages & groups: add your stages and routes, their levy, and the collectors who collect for each (a collector sees only their group's members).
  3. Savings & contributions: the starting products are a membership fee, share capital, deposits (BOSA), savings (FOSA) and welfare. Set what is expected each period, which are compulsory, withdrawable, count for loans, and each one's ledger account.
  4. Loan products: rate (reducing or flat), amounts, term and repayment frequency (daily, weekly, fortnightly, monthly), membership period, × deposits, guarantors, fees and penalty.
  5. Rules & approvals: member numbers, how many approvers each loan size needs, the order a payment is applied in, the guarantee capacity, withdrawals and penalties.

Good to know

  • The roles - SACCO manager, member services officer, credit officer, credit committee, treasurer, collector, auditor - are added by the industry pack; give each person theirs in Users.