Getting to know Adili for SACCOS · Lesson 2 of 15

Set up your SACCOS

Mfano SACCOS is created as a SACCOS with its Head Office, takes the Growth plan paid with mobile money and adds Head Office Till, then sets its capital defaults and by-law policy and saves them.

About 15 minutes

Key ideas

1

Choose SACCOS first

Choose Create organization, then SACCOS. The type decides your menus and reports, and it's fixed once the organization has records, so choose it before anything else. Type the name, for example Mfano SACCOS, and Adili suggests a web address. On Set up branch, Head Office is already filled in: add its address and choose Create organization.

2

The plan and the till

Your plan sets how many branches and staff you can have; members and loans aren't limited. In our example the society takes Growth for its team of four and pays with mobile money, and the plan is active. Then add the real till money moves through, for example Head Office Till with its account number, and choose Create Account.

3

Capital defaults

Open Settings, then Organization Type & Policy. Capital defaults apply to new members and loans. In our example, the Default Loan Multiplier lets members borrow up to three times their savings, the Entrance Fee is 10,000 shillings and the Minimum Share Balance is 50,000. Use the figures in your own by-laws.

4

Match your by-laws

By-law policy starts from the regulations: the Cooperative Societies Regulations 2015 and the Microfinance (SACCOS) Regulations 2019. Match each figure to your own by-laws. In our example: one guarantor per loan in Guarantors Per Guaranteed Loan, licence Category B in TCDC Licence Category, and at least 3% a year on savings in Minimum Savings Interest Rate. Then choose Save changes.

Practice

Try it in your training organization

  1. 1. Choose Create organization, then choose SACCOS.
  2. 2. Type your training organization's name and check the web address Adili suggests.
  3. 3. On Set up branch, keep Head Office, add its address and choose Create organization.
  4. 4. Choose a plan that covers your branches and staff, and pay, for example with mobile money, so the plan is active.
  5. 5. Add your till: enter its name, for example Head Office Till, and its account number, then choose Create Account.
  6. 6. Open Settings, then Organization Type & Policy, and fill in the Capital defaults from your by-laws: Default Loan Multiplier, Entrance Fee and Minimum Share Balance.
  7. 7. Go through By-law policy and match each figure to your by-laws, such as Guarantors Per Guaranteed Loan, TCDC Licence Category and Minimum Savings Interest Rate, then choose Save changes.

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