A Powerful Toolkit for Your Nkhokwe
NkhokwePlus is more than just a ledger. It's a complete management system designed to bring security, transparency, and efficiency to your village savings and loan group.
Member & Contribution Management
Securely onboard new members with unique, single-use invite codes. The system automatically generates and assigns unique Member IDs for clear record-keeping.
Track all savings contributions with a clear officer approval workflow to ensure every kwacha is accounted for, and view real-time savings balances for each member and the group as a whole.
Comprehensive Loan Management
Enable members to request loans through a simple, guided form. Our multi-step approval workflow for officers (Chairman, Secretary, Finance Officer) ensures accountability and reduces risk.
Disburse funds from one or multiple group accounts with full traceability, and track repayments with precision, distinguishing between paid interest and principal.
Professional-Grade Accounting
Start with a professional Chart of Accounts template for Assets, Liabilities, Equity, Income, and Expenses. Create custom accounts to track exactly where group funds are held, whether it's in cash, a bank account, or mobile money.
Go beyond basic entries with a complete journaling system for expert-level bookkeeping. Record income, log expenses, and make transfers between accounts, all with an approval workflow for a complete audit trail.
Govern Your Group with Confidence
Powerful tools to ensure your group is run securely, fairly, and according to its own rules.
Robust Roles & Security
Assign key officer roles with specific permissions for approvals and settings. All financial data is secure, and NkhokwePlus never handles your group's actual funds.
Customizable Group Policies
Define your group’s rules directly in the system. Set contribution policies, establish standard loan terms, and create a flexible Fee Policy for charges like late payments or registrations.
Dividends & Meeting Management
Define financial years, close them out to calculate net profit, and distribute dividends proportionally or equally. Schedule and manage group meetings with officer approval.
Reporting & Analytics
Generate detailed, downloadable reports on members, account balances, contributions, and your full loan portfolio. Gain valuable insights into your group's financial health.
How NkhokwePlus Works
Follow these simple steps to digitize your village savings group and unlock a new level of efficiency and transparency.
Create Your Group
Start by signing up. As the first member, you become the Group Administrator. You'll give your group a name and set its home country and currency. This initial setup is quick and establishes the digital home for your Nkhokwe.
Set Core Policies
Define the fundamental rules of your group. You'll set a single, clear contribution frequency (weekly or monthly) and a default savings amount. You will also establish your group's standard loan interest rate and maximum repayment period. These can be adjusted later in Group Settings.
Establish Accounts
This is a critical step for professional bookkeeping. You will be prompted to create your Chart of Accounts. We highly recommend using our standard template, which creates accounts for Assets (like Cash and Bank), Liabilities (Member Savings), Income (Interest, Fees), and Expenses.
Invite Members & Assign Roles
With your group established, go to the Members page to generate secure, single-use invite codes. As members join, visit Group Settings to assign key officer roles (Chairman, Secretary, Finance Officer). These roles are essential for the multi-step approval workflows that secure your group's transactions.
Transact with Confidence
You're ready! Members can now record contributions and request loans. All transactions are routed through your group's approval workflow, ensuring every financial movement is verified by the appropriate officers before any balances are updated.
Manage and Grow
Use the dashboard to get a real-time overview of your group's health. Explore advanced features like Journals for complex accounting, run detailed Reports for audits, and manage Dividends at the end of your financial year.