Features · SACCO and group lending

SACCO and group lending, built on a full loan management system

Run member savings, share capital, interest, dividends and meetings in a SACCO workspace, and lend to village banks and groups with one collection sheet for the meeting. Both sit beside your loan book and post to the same ledger.

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What does SACCO and group lending software cover?

SACCO software manages a cooperative's members, savings, share capital, loans, dividends and meetings. Group lending software manages groups, their members and the loans made to them. LoanTabs includes both, on the free trial and the Corporate and Enterprise plans, linked to the same borrowers, cash accounts and books as your loan book.

The SACCO add-on has its own SACCO workspace in the menu. Each member is linked to a borrower record, so a member who borrows has savings, shares and loans in one place. Group lending has its own Groups menu, where a group has members and leaders, a meeting day and loans, and where the whole group's repayments are collected on one sheet.

Everything posts to your cash accounts and your double-entry books, so member savings appear on the balance sheet and a deposit appears in the cash ledger. Your loans, borrowers, payments and reports work exactly as before.

Group lending, built on the same loan book

A group has members, leaders, a meeting day and a place. You lend to each member or to the group as a whole, and at the meeting you tick who came, enter what each loan received and post every payment at once, each on the right loan with its own receipt.

Group #GRP-114

Nakawa Traders Savings Group

Weekly · 12 members

A. Nakato

Chairperson

$420.00

B. Okello

Treasurer

$310.00

C. Mwangi

Secretary

$275.00

D. Achieng

Member

$190.00

What is included, and on which plans

What is included, and on which plans
Capability	Where it is available
Loan products, approvals, payments, receipts and statements	Every plan
Double-entry accounting and 30 reports	Every plan
Group lending: groups, group loans, collection sheet and three group reports	Free trial, Corporate and Enterprise
SACCO add-on: members, savings and share accounts, interest, dividends, meetings, loans against savings and seven SACCO reports	Free trial, Corporate and Enterprise
My Savings for members in the customer portal	Where the SACCO add-on is available
Email notifications to staff and borrowers	Free trial (limited allowance), Corporate and Enterprise
Staff payroll processing and custom workflows	Custom implementation on the Custom plan

An administrator can switch the SACCO add-on off and on under Admin, SACCO. Nothing you recorded is ever lost, and your books keep including it.

What the SACCO add-on covers

Member savings accounts

Open savings accounts from savings products with their own interest rate, minimum balance, limits and fees. Record deposits, withdrawals and transfers, with receipts and statements.

SACCO management software guide

Share capital

Each member has a shares account. Buy and redeem shares at the share price you set, within the minimum and maximum you choose, and read the share register on any day.

How SACCO shares and dividends work

Interest on savings

Interest is worked out daily from each balance and posted monthly, quarterly or annually, with withholding tax and dormant-account checks. A preview shows the run before anything is posted.

SACCO interest and dividends guide

Dividends with an approval step

Declare a year's dividend on the average value of each member's shares, add an optional rebate on loan interest, approve it at the AGM and pay it into members' savings accounts.

SACCO dividends explained

Loans against savings

Give a loan product SACCO terms: members only, a limit as a multiple of savings, and a share of each loan pledged from the member's savings. Guarantors can be drawn from savings.

Loans against savings guide

Meetings, minutes and membership fees

Schedule annual general, board and committee meetings with an agenda, attendance, quorum, minutes and resolutions. Charge joining fees and subscriptions from the date a member starts.

SACCO governance records

What group lending covers

Groups, members and leaders

Create a group with a meeting day, time and place, a maximum size, joint liability and a loan officer. Add existing borrowers or enrol new members, and record the chairperson and other leaders.

How to run a group lending program

Meeting-day collections

A Meeting today list shows the groups meeting that day. The collection sheet records attendance and the cash counted against the payments, and finishes posting safely if the connection drops.

Savings groups, SACCOs and MFIs compared

Group loans and member loans

Lend to each member or to the group as a whole. A Group Loans tab lists them, a Group column says whose loan it is, and a group's loans also show on each member's own Loans tab.

Microfinance software guide

Group reports

Group performance, Group collection sheet and Exposure by group, alongside the standard portfolio reports, with CSV, Excel and PDF export.

Loan portfolio reports

How do I set up a SACCO in LoanTabs?

A Start Here guide for your role ticks each step off as you do the work.

Step 1
Set the basics
Choose the share price, the default cash account, the financial year end and the number prefixes for members, accounts and receipts.
Step 2
Create savings products
Set the interest rate, minimum balance, limits and fees for each type of savings account.
Step 3
Enrol members
Pick an existing borrower or register a new person, or import many members from a CSV file that is checked row by row before anything is saved.
Step 4
Bring in opening balances
If members already held savings, import their balances once from a CSV file.
Step 5
Start taking money
Record deposits, withdrawals and share purchases at the desk, then choose when interest starts and run your first interest preview.

SACCO and group lending software: common questions

Does LoanTabs have SACCO features?

Yes. The SACCO add-on covers member savings and share accounts, interest on savings, yearly dividends, meetings with minutes and resolutions, membership fees and loans against savings, plus seven SACCO reports. It is included in the free trial and the Corporate and Enterprise plans.

Can a SACCO start with the loan book?

Yes. Loan products, approvals, payments, accounting and reports work from day one. You can switch to the SACCO workspace when you are ready, and import members and opening balances from CSV files.

Does LoanTabs support group lending?

Yes. Groups, group loans, a meeting collection sheet and three group reports are included in the free trial and the Corporate and Enterprise plans.

Can members see their savings?

Yes. Members who have customer portal access see a My Savings page with their accounts and activity.

What about payroll and custom workflows?

Payroll and custom workflows are delivered as custom implementations on the Custom plan. Contact sales through the contact page and describe what your institution needs.

Keep exploring

Try SACCO and group lending free for 30 days

Start a free trial and open the SACCO workspace and Groups menu with your own data, or talk to sales about payroll and custom workflows.