Kimisitu Money

iOS Universel / Finance

a. Withdrawal to MPESA- members can make withdrawal from FOSA account to their MPESA.
b. MY Account- members can view details of their FOSA, BOSA, Loan Balance and Savings accounts
Loans- When customer selects Loans, they will be taken to a menu with four items namely.
Loan Enquiries.
Loan requests
Loan Application Status
Loan repayment

Loan Types -:
i.Dividend discounting loan
•A one-off interest of 7.5 % shall be charged upfront on the loan approved.
•The amount applied shall not exceed 60% of the member’s previous year’s interest on deposits (dividends).
•A member whose account is arrears/dormant/defaulter will not qualify for the loan through mobile however they can access only through applying online so that the arrears can be recovered from the dividends.
•Guarantors whose deposits were offset during the year to reduce a defaulted loan shall qualify for a lesser amount.
ii.M-Kimisitu Loan
•Interest rate of 5% per month on reducing balance
•Repayment period up to a maximum of 5 months
•The monthly repayment is deducted from the salary payouts.
•Top ups charge: of 2.5% of the Loan balance
•Member can access a maximum of Kshs.100,000 or 80% of his member deposit whichever is lower
•Interest is charged upfront but recovered monthly
•In case of default the loan balance is recovered from member deposit

c. Fund Transfer
i. When a customer selects Fund transfers, they will be required to select from
Swift transfer (RTGS)
Electronic Funds Transfer (EFT)
ii. The Fund transfer is segregated as follows:
a. Internal Transfer
• My Account – Member should be able to transfer to any savings account they have including shares.
• Other Account – member can transfer to other members savings account internally.
b. External – Member should see list of banks and enter beneficiary bank details.
• Member should be able to select beneficiary.
d. Deposits
When a customer selects Deposits, the Applications displays accounts options for the customer to deposit to
• FOSA
• Savings Account
• LUMPSUM
•
e. PAYBILL - Customers have an option to pay using Pay bill functionality.
f. Change Password functionality-members can change their respective passwords.
g. Logout functionality-members have an option of logging out once they are done with using the App.

Quoi de neuf dans la dernière version ?

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