SACCOS, Microfinance and VICOBA Features

For SACCOS

Members, meetings and dividends, run by the by-laws.

Everything a savings and credit cooperative records at the counter, at the meeting and at the ballot box.

Explore every SACCOS feature

Register of members

Shares in units, entrance fees, nominees with two witnesses, suspension, reinstatement and exit through approval.

Contributions and dues

Weekly to annual plans, a dues timetable per member, oldest-first settlement and late fines paid or waived.

Meetings, votes and elections

Notice, attendance and quorum, motions, secret-ballot elections with one member one vote, minutes and a signed PDF report.

Leadership and terms

Every board and committee seat, vacancies marked, one holder per seat and consecutive-term limits.

Surplus & Member Returns

Statutory reserve, dividends on shares and interest on savings, withholding, and posting through approval.

Member guarantors

Pledges against savings with written disclosure, release when the loan closes, and recovery through approval.

Member portal

Members sign in with their phone number and see their shares, savings, contributions, loans, guarantees and meetings.

Member SMS

Kiswahili contribution reminders and meeting notices, with the cost shown before you send.

For microfinance providers

Loans priced, disclosed and serviced in the open.

From the borrower's first quote to the last repayment, with the disclosures borrowers are owed.

Explore every microfinance feature

Borrowers and KYC

Borrower profiles with identification, contacts, guarantors, collateral and documents.

Loan products and policy

Reducing-balance interest, terms, fees and limits, with a notice on products that still charge flat interest.

Key facts statement

The nominal and effective annual rate with every fee, total cost and cost per instalment, as a PDF in Kiswahili or English.

Disbursements and repayments

Record payouts by cash, cheque, bank or mobile money with proof of payment, and repayments against the schedule.

Payoff and prepayment

Quote today's payoff, then shorten the term or lower the instalments, with a preview of the interest saved.

Debt recovery charges

Disclosed charges applied only after written notice and fourteen days, through maker-checker.

Compliance for both

Know what is due, and hand it in on time.

The system tracks your statutory deadlines and prepares the reports from the records you already keep.

Reporting calendar

Obligations twelve months ahead from your licence, moved off weekends and public holidays, with reminders at 14, 7 and 1 days.

Reports for TCDC and the Bank of Tanzania

Each report on screen with period and branch filters, headed with your licence and ready as PDF and Excel.

Complaints register

A registration number on receipt, due dates, Bank of Tanzania referrals and the monthly Form No. 2.

Compliance settings

Licence, TIN, VRN, BRELA number, return cadence and reminder channels in one place.

PDF and Excel downloads

Workbooks of what the screen shows, with real numbers, dates and totals, and every download logged.

Audit history

Maker-checker on every action that moves money, and a record of who did what and when.

Reports the system prepares

Each report opens on screen with period and branch filters and downloads as PDF and Excel, headed with your institution, licence and period.

SACCOS

For TCDC, the Registrar, the board and members

Monthly delinquency report
Loan classification and provisioning schedule
Ten largest loans
Ten largest depositors
Insider and related-party loans
Register of members
Register of nominees
Collateral register
Loan ledger and guarantor register
Register of board and committee members
Guarantor disclosure statements
TCDC Form 16-20: Statement of Financial Position
TCDC Form 16-20: Comprehensive Income Form
TCDC periodic return pack
Trial balance
General ledger detail
Budget vs actual (Makisio)
Income statement
Balance sheet
Reporting calendar
Monthly complaints report (Form No. 2)
Meeting report with attendance, votes and minutes
Contributions and dividend workbooks

Deadlines on the calendar

TCDC periodic return, monthly or quarterly by licence category
Monthly delinquency report
Statement of accounts to the auditor
Audited financial statements to TCDC
Annual general meeting
General meeting minutes to the Registrar
Withholding tax to TRA
Monthly complaints report

VICOBA

For the Local Government Authority and the members

Quarterly report to the Local Government Authority
Cash book (meeting sessions)
Social fund register
Fines register
Share-out statement
Register of members
Register of nominees
Register of board and committee members
Reporting calendar
Meeting report with the cash box count

Deadlines on the calendar

Quarterly report to the Local Government Authority
Annual general meeting and election of leaders
Begin operations within three months of registration
Members' written consent to credit-information sharing
A copy of the constitution for every member
Complaints and dispute procedure in the constitution

Microfinance

For the Bank of Tanzania, the board and management

Loan classification and provisioning schedule
Interest rates, fees and charges
Ten largest loans
Portfolio at risk and aging
Loan portfolio listing
Collateral register
Restructured loans
Individual money lender threshold check
KYC completeness
Trial balance
General ledger detail
Income statement
Balance sheet
Reporting calendar
Monthly complaints report (Form No. 2)
Key facts statement for each loan

Deadlines on the calendar

Monthly complaints report to the Bank of Tanzania
Publication of interest rates, fees and charges, and its report to the Bank
Audited financial statements to the Bank of Tanzania
Monthly loan classification and provisioning
Bank of Tanzania periodic return, once you record its schedule
Withholding tax, PAYE, SDL, VAT and income tax to TRA
NSSF and WCF contributions
BRELA annual return