overview
What is Our Sacco & Loans System Solution?
Openteq Sacco & Loans System is a full-suite solution designed for SACCOs that includes a robust loan management system. It’s an enterprise platform tailored for SACCOs operating across diverse regions. Loan management systems are designed to automate and digitize the loan lifecycle, covering everything from origination and underwriting to servicing, collections, and reporting.
Years experience
Service desk
Certified experts
End user satisfaction
Our SACCO and loan system solution will help you succeed. Let’s get started
Solutions
SACCO and loan system solution Features
Member Management
Manages member registration, personal records (KYC), share capital, and categorization into different statuses (e.g., active, dormant) or groups.
Financial Management & Accounting
Adheres to standard accounting principles with modules for General Ledger, accounts payable/receivable, trial balance, cash book, income/expense tracking, and bank reconciliations
Savings & Deposits Management
Tracks member savings accounts, automates interest calculations, and manages deposits and withdrawals with real-time statement generation.
Reporting and Analytics
Generates detailed financial and operational reports in real-time, including loan portfolio analysis, arrears analysis, profit & loss statements, balance sheets, and reports required
Loan Management
Automates the entire loan lifecycle, including online application, appraisal (with built-in credit scoring and eligibility tests), approval workflows, collateral management, disbursement, and repayment tracking.
Member Portal & Mobile Banking
Provides members with secure online & mobile access to check balances, view statements, apply for loans, make payments,& communicate
Benefits
Our SACCO and loan system solution provide a unique
range of benefits
Improved Efficiency and Automation
Users and Sacco management highlight that the systems automate routine and time-consuming tasks like member registration, loan processing, and record-keeping, which reduces errors and saves time.
Enhanced Member Services
The solutions bring services closer to members through integrated mobile banking, online portals, and USSD services, allowing members to apply for loans, check balances, and transact remotely.
Better Financial Management & Reporting
The solution provides detailed and accurate reports/analytics on financial performance and loan status, which aids in better decision-making and regulatory compliance
Scalability and Integration
Many find the systems to be robust and scalable, capable of growing with the Sacco and integrating with other secure systems like M-Pesa, banks, and CRM software. Our solution security is guranteed
Stop wasting time and money on technology. Let’s get started
Testimonials
What say our Valuable Clients
This platform that will provide your sacco, your digital lending business or your microfinance with all the tools you need to run a profitable
Alex
Loan system Client
This Openteq SACCO & Loan software solutions making waves in Kenya and across Africa, starting with the industry leaders
Jayden
Sacco System Client
Using our SACCO Management Softwaremakes it easy to manage & generate your members' statements. Account statements, General Statements, Loan Statements etc.
Hasin A. Hydar
Sacco System Client
Pricing and Plan
1 monthly fee for all IT services. No costly surprises
Business Plan
- Unlimited updates
- Custom permissions
- Custom infrastructure
- Custom design and features
- Unlimited updates
- Custom infrastructure
Basic Plan
- Unlimited updates
- Custom permissions
- Custom infrastructure
- Custom design and features
- Unlimited updates
- Custom infrastructure
Standard Plan
- Unlimited updates
- Custom permissions
- Custom infrastructure
- Custom design and features
- Unlimited updates
- Custom infrastructure
// SACCO and loan system solution
Lets Start To Build Your SACCO and loan system solution
streamline operations, improve efficiency and service delivery, and enhance financial reporting and security.
