Location, Lukind Building, No 6&7, Chachacha Road, Lusaka.
+260955553768
info@mymangwee.com

DIGITIZE SAVING GROUPS

Making life easy!

Saving Groups are comprised of 2 -25 individuals who mutually agree to save together and take small loans from their savings. Group members have more funds to share out at the end of each savings cycle which is usually after one year. These groups provide members with the opportunity to frequently save affordable amounts, access to credit on flexible terms. Savings Groups provide members with group managed pool of funds which they can access in an event of an emergency. They also have access to affordable credit for additional capital to refinance their businesses, buy farming inputs and improve household food security which eventually improves the general lifestyle of communities. Savings groups indeed work for rural communities with no access to formal financial services.

We offer a platform that brings accountability and efficiency to the operations of such groups. You can now open a free Mangwee Saving Group account on our website to effectively manage your clients. Each of your clients will need to have a Mangwee wallet account which can be open for free by clicking here. Note that you must meet all the requirements contained here to operate this type of account. The Mangwee Saving Group Account that gives you access to the following features;

  • Borrowers can withdraw from any Mangwee outlet countrywide
  • Borrowers can repay group loans into your Mangwee Saving Group account
  • Upload picture and files if any
  • Add details such as DOB, Email, Mobile, and Address
  • Send SMS and Email directly to Borrower
  • Auto Send SMS and Email
  • Add Loan Accounts
  • Invite Borrowers to the system so they can see their loans and repayment accounts
  • Assign Loan Officers to Borrowers
  • Unlimited Borrowers can be added if you are on our unlimited plan

Add Loan

  • Add Loan Products
  • Choose from Flat Interest, Reducing Balance – Equal Installments, Reducing Balance – Equal Principal, Interest-Only loans, or Compound Interest
  • Released Date, Amount, Interest %, Duration, and Repayment Cycle
  • Add Repayment Cycle, for example, fixed days every month
  • Set Grace Period
  • Set Penalties for late repayment and after the maturity date
  • Set a different Interest Start Date
  • First Repayment Date and First Repayment Amount can be manually set in Add Loan
  • Add Loan Fees
  • Add Guarantors
  • Add Loan Agreement files
  • Loan Calculator
  • Add Loans for Processing
  • Loan Reminders via SMS
  • Unlimited Loans if you are on our unlimited plan

Manage Loan

  • View and print Loan Statement and Collection Schedule
  • Add Repayment
  • Add Bulk Repayments
  • View Loan Terms and Files
  • Add Comments
  • Edit Collection Sheet
  • Restructure Loan
  • Override Loan Due Amount
  • Filter Loans
  • Send bulk SMS to borrowers on the Daily Collection Sheet or the Overdue Loans Sheets.

Collateral Register

  • Add Collateral
  • Manage all Collateral in a Register

Overdue Loans

  • View Pending Due Loans
  • View Past Maturity Date Loans
  • View 1 Month Overdue Loans
  • View 3 Months Overdue Loans