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Group Savings and Lending from Modefin

FEATURES

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.

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value proposition Why Modefin’s Group Savings & Lending

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Online portal for registration, migration and management of members.

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

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

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

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

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

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

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

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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.

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Equity Bank Kenya

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

Featured Blog Posts

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All along fintech and financial services have been talking about financial inclusion… we

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Looking back, looking ahead at Trends in Digital Payments Our Founder &

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App covers multiple platforms and communication channels to enhance customer satisfaction and

write to us If you are from a Bank or Financial Institution, and wish to enquire about a specific platform, product or solution.

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© 2022 Modefin. All rights reserved

© 2022 Modefin. All rights reserved