Group Savings and Lending solution from Modefin

The Power of One… The Power of Many!

SUMMARY

Group Savings and Lending from Modefin is a forward-looking solution designed for Banks which wish to promote financial inclusion. Helps onboard customers in the lower income segment, or those in the periphery of the formal financial sector. Enables Group members to borrow for expenses, make miscellaneous payments, or avail funds for a contingency arising from adverse circumstances. For members wanting to save and earn interest, ensures safety of principal and transparency in operations.

Group Savings & Lending

value proposition Why Modefin’s Group Savings & Lending

Group Savings & Lending

Online portal for registration, migration and management of members.

Group Savings & Lending Solution

Enables online appointment of a Treasurer - authorised to act on a member’s behalf.

Group Savings & Lending

Treasurer can make payment to a supplier, bank loan or a monthly contribution payment

Group Savings & Lending Solution

Treasurer can impose fine or penalty on a member for not honoring a commitment.

Group Saving and Lending

Member can view Records pertaining to savings or borrowing, ensuring transparency.

Group Savings & Lending Solution

Instant alerts through SMS and email to the member about deposits and lending

Group Savings & Lending

Manages the member’s loan lifecycle cost-effectively and with in-built flexibility.

USER CASE STUDY Award Winning Investment Club App

A subsidiary of dfcu Limited, dfcu Bank is a leading banking and financial services company domiciled in Uganda. It came into existence in May 2000 following dfcu’s acquisition of Gold Trust Bank to extending universal banking services alongside the pre-existing equity finance; long term development finance; leasing and working capital finance.
dfcu bank partnership with Modefin launched the Investment Club App, a Group Savings and Lending solution that serves investment clubs, SACCOs, Village Savings and Lending Associations (VSLAs), Rotating Savings and Credit Associations (ROSCAs) and companies operating as Investment clubs or SACCOs. With over 24,000 active investment clubs, the number is growing. This App will be central to our ongoing financial inclusion drive by encouraging personal and group savings and investments in Uganda.
Award Winning Investment Club App

Customer-Centric Banking

Group Savings And Lending Brochure Uncompressed

To learn more about Group Saving & Loan Solution download our brochure

Transform your group savings and lending business with Modefin’s secure and efficient platform that will empower group members to save and earn interest while ensuring the safety of the principal and transparency in operations.

Insights

Delve deep into our psyche, discover what makes us tick, drill down to a granular view, as we share the repository of knowledge created for the benefit of industry.

Success Stories

Case study UMB Bank

Universal Merchant Bank Ghana

Universal Merchant Bank (UMB) is a leading indigenous bank in Ghana which offers a diverse range of financial services to meet the banking needs of its customers.

Case Study

Equity Bank Kenya

Equity Bank Fuels massive Transformation; migrates 3.5 mn SIM application Tool kit users and brings flexibility, stability and cost savings.

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