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Fibo360 – SACCO Management Software Features.

Learn about the feature in Fibo360. Fibo360 is a comprehensive SACCO Management System. The platform bundles together core functions of a SACCO into a single software suit.


Members/Client Register

This is the core module that takes care of the entire member registration process. Under this module, the system also lets you capture member’s bio data. Other systems would term this module as KYC i.e Know Your Client. By default, our sacco management system captures details below.

  • 3 NamesNational
  • ID / Passport Number
  • Passport size photograph
  • Phone/Mobile Number
  • Email Address
  • Postal Address
  • Marital Status
  • Employment Status
  • Bank Statement
  • Salary Statement
  • Next of Kin
  • Date of birth
  • Date of joining the SACCO
  • Membership/Registration Number

Contributions Module.

This is yet another key module in Fibo360. This module helps in managing members’ accounts.

Through this module, the SACCO is able to open/create Savings, Shares and any other types of accounts for it’s members.

For instance, some SACCOs have a Christmas account and the module enables SACCOs to create this accounts and receive member’s contributions into the respective accounts.

The system captures the following information under this module.

  • Member (Payee)Account to credit (Savings, Loan, Shares etc)
  • Bank Account to debit
  • Date of payment
  • Transaction Amount
  • Mode of payment (Cash, Cheque etc)
  • Comment/Note
  • Receipt/Reference/Cheque Number

Loan Management

This module is responsible for managing loans and loan products. Using this module, SACCOs are able to create and configure their loan products. Fibo360 allows for flexible creation unlimited number of loan products with different terms. The platform makes the entire process seamless and easy. From this module, one is able to:

  • Create different loan products with different terms.
  • Apply loans.
  • Capture guarantors.
  • Approve/Reject loan applications.
  • Process loan applications.
  • Disburse loans.
  • Reschedule loans.
  • Roll -over loans
  • Waive loans.
  • Write-off loans
  • Release/Replace guarantors.

Bulk SMS/Email Notifications

Fibo360 has an integrated bulk SMS module. This combined with email notifications feature helps SACCO deliver real time notifications to members. The platform also allows users to compose and send custom SMS/Email messages to members.

Mpesa Integrated

Fibo360 integrates with Mpesa to allow members to pay for their loans and contributions via Mpesa automatically.

Expense & Other Incomes.

This is module facilitates in the management of a SACCO’s incomes and expenses.

When capturing expenses, the system allows you to record and pay bills.

Under this module, vendors/suppliers can also be captured.

Information below is captured when recording vendors.

  • 2 Names
  • Company Name
  • Postal address
  • Town
  • Country
  • Telephone number
  • Email address

When recording bills, Fibo360 capture the information below:

  • Vendor/Supplier
  • Expense account
  • Amount
  • Ref Number
  • Date of transaction.
  • Bill due date
  • Comment/ Ref Number

When paying bills, Fibo360 allows captures the following information.

  • The vendor to be paid.
  • Voucher Number
  • Date of transaction
  • Mode of payment
  • Cheque/Ref Number
  • Note/Comment
  • Bank account to spend from.

Document Management

This feature allows a SACCO to digitize and store members’ documents in the system. The feature enables one to upload documents into the system in the formats below.

  • Microsoft Word
  • Portable Document Format – PDF
  • JPEG
  • PNG

Stored documents can be searched and renamed.

Members’ Self Service Portal

Fibo360 comes with a self-service portal for your SACCO’s members. From the portal, SACCO members can view their statements, request for loans, appoint loan guarantors, approve or reject requests from fellow members to guarantee their loans and directly send a message to the SACCO.

  • The vendor to be paid.
  • Voucher Number
  • Date of transaction
  • Mode of payment
  • Cheque/Ref Number
  • Note/Comment
  • Bank account to spend from.