Unified Member & Loan Management for "Unity Sacco"
Developed a secure, M-Pesa integrated core banking platform that digitized member services and reduced loan processing time by 70%.
The Challenge:
Unity Sacco relied heavily on manual ledger entries and outdated software, resulting in slow member service, difficulty reconciling M-Pesa transactions, and a 5-day turnaround time for loan applications. This lack of automation hindered their ability to serve their growing membership base efficiently.
Our Solution:
We implemented a custom, cloud-based core banking platform tailored to Sacco operations. Key components included: Automated member registration and shareholder tracking. Direct, real-time integration with M-Pesa and other local payment gateways. A custom loan module with automated scoring, approval workflows, and amortization schedules. Compliance reporting tools for immediate regulatory submission.
The Results: High-Impact Outcomes
The successful digital transformation yielded: A 70% reduction in average loan application processing time (from 5 days to 1.5 days). 99.9% accurate reconciliation of mobile money transactions. 45% increase in member self-service usage through a new mobile portal. Improved compliance adherence with automated regulatory reporting. The system is scalable to support 2x membership growth.
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