Oriems Sacco App Revolutionizes Group Savings and Loans

Namecom.oriemssacco.dm.sacco
Version1.0.2
Size18 Mb
UpdatesJanuary 19, 2024
CategoryFinance App Kenya
Oriems Sacco App
Oriems Sacco App Revolutionizes Group Savings and Loans
Description
About Oriems Sacco App

In the dynamic landscape of financial technology, Oriems Sacco has emerged as a game-changer, introducing a revolutionary app designed to support savings groups under OriemsSacco in managing and tracking their collections and loans effectively. The Oriems Sacco App facilitates seamless communication and data sharing related to contributions, loans, meetings, penalties, and expenditures, enhancing transparency, efficiency, and effectiveness among members. This article delves into the features, services, and benefits of the Oriems Sacco App, guiding you through a comprehensive understanding of how this innovation is reshaping financial interactions.

Key Features and Services of Oriems Sacco

Table Of Content

1. Member Profiles

  • Register new members to your savings group and update information as needed.
  • Monitor the loans and savings of each member efficiently.

2. Savings Management

  • Record group savings transactions comprehensively for all members.
  • Effectively manage your savings group, record fees and penalties, and access general statistical reports.

3. Group Management

  • Efficiently oversee and manage your savings group, ensuring smooth operations.
  • Record and manage costs, fines, and view overall statistical reports.

4. Loan Management

  • Streamline the entire loan process from application, assessment, and approval to disbursement.
  • Track loan repayments seamlessly through the app.

Getting Started with Oriems Sacco App

To harness the power of the Oriems Sacco App, follow these simple steps:

  1. Install the Oriems Sacco App and grant the necessary phone permissions.
  2. Click on the “Join Us” tab and select your savings group.
  3. Fill in the registration form to become a member of your savings group.
  4. Sign after registration.
  5. Navigate to the homepage, select “Loan/Savings,” and check your eligibility or savings.

Terms and Conditions

OriemsSacco operates with transparent terms and conditions:

  • A one-time service fee of 10-15%* is charged on the principal amount.
  • Payment schedules vary based on the app usage.
  • No minimum repayment period; customers can make payments towards the principal at any time after disbursement.
  • An 8% one-time extension fee on the principal may apply to overdue loans.

*Effective April: 10-15%

Example Scenario

For instance, a loan of UGX 5000.00 taken for 60 days may incur a service fee of 15%, totaling UGX 6180.00 if repaid before or on the due date.

Additional Information

  • Customers can make payments towards the principal loan at any time after disbursement.
  • The service is currently available for MTN, Airtel, and Safaricom customers in Uganda.

Contact Oriems Sacco App

  • Email: info@obulexsolutions.com (Kenya) / info@intersolve.com (Uganda)
  • Phone: +254 20 24 16 356 (Kenya) / +256 757 535 921 (Uganda)
  • Address:
    1. Head Office – Kenya, 5 Muthithi Rd
    2. Ntinda Complex, Ntinda, P.O. Box 21841, Kampala, Uganda

Conclusion

In conclusion, OriemsSacco App of financial inclusion, providing a user-friendly platform for savings groups to manage their finances efficiently. The transparency, accessibility, and ease of use make it a valuable tool for empowering communities through financial literacy and control. As we embrace the digital era, OriemsSacco App paves the way for a brighter and more financially secure future.

Sorry, the download is not available. You can contact the above-mentioned contact for more information.

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