Questions SACCOs ask about SaccoPlus
What is SaccoPlus?
SaccoPlus is a SACCO management system for Kenya. It runs members, KYC, savings, share capital, loans, M-PESA, check-off, the teller desk, reports and SASRA returns on one general ledger, with a member app, USSD and SMS for your members.
Is SaccoPlus built for deposit-taking SACCOs?
Yes. It prepares SASRA return forms from your own books, watches prudential ratios with alerts, provisions at SASRA rates with IFRS 9 staging, screens members for PEP and sanctions, and keeps maker-checker controls and an audit log.
Does SaccoPlus work with M-PESA?
Yes. Paybill payments are matched to the member by account number, posted to savings or the loan, receipted by SMS and reconciled daily. Payouts to members' M-PESA can be switched on when you are ready.
Can members without a smartphone use it?
Yes. Members with a smartphone use the member app in their browser. Every other phone can use the USSD menu for balances, mini statements and instant loans, and every member gets an SMS after each transaction.
Does SaccoPlus handle check-off deductions?
Yes. Import each employer's deduction file, reconcile it, allocate every shilling to deposits, shares and loans, follow up exceptions and send employers their statements.
Can we run several branches?
Yes. Branches share one ledger and one member register, and management reports include branch league tables and 12-month trends.
How do staff permissions work?
Each staff member gets a role, such as teller, loans officer, credit committee, accountant or auditor, and sees only the work that role allows. Money movements can require a second person to approve them.
How much does SaccoPlus cost?
Pricing depends on the size of your SACCO and the modules you need. Book a free demo and we will give you a quote for your SACCO.
How do we see it working?
Book a free demo by calling or sending a WhatsApp message to 0116 888 777. We will show you SaccoPlus running a sample SACCO, with your own products and questions in mind.
See your own SACCO in SaccoPlus.
A free demo for your manager, your accountant and your board. Bring your products, your branches and your hardest month-end question.