The role of cooperative societies towards their members and families has been critical. It has always inspired us to extend valuable and affordable financial services to each and every member of...
Digital financial system for cooperatives
Credit Association Management System (CAMS) is designed to offer formal financial services to cooperatives and microfinance institutions in Africa. It helps them to digitize savings and loans management, making their daily operations accurate, safe and quick.
Aligning our work with UN’s Global Goals
Wakandi is working towards becoming a global leader in creating equal financial opportunities. On the road to achieving this, we recognise we have a responsibility to take into account the impact our business has and can have.
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Since implementing CAMS, we've witnessed a significant positive change. Transparency is now by design, providing our members with a sense of security. Just this morning, I approved three loans without any hassle. Our SACCOS' rapid growth is largely due to the digital system. In fact, it has become our main recruiting tool. Previously, we could only process two to three loans per month, involving cumbersome check writing and multiple signatories. But now, with a fully digital process, we effortlessly handle loan volumes ten times larger than before.
EY is assisting Wakandi in assessing tax, legal, and strategy aspects in addition to having built the global part of the company with an accumulative structure and government.
The system is well-developed and functioning. It will help to analyse financial performance of the SACCOS and rectify identified anomalies.
Insights and Blogs
Introduction: Understanding the Informal Space and its Importance in Africa In many countries around the world, the informal sector plays a significant role in their economies, often accounting for...
Tanzania Federation of Cooperatives (TFC) and Wakandi Tanzania last year launched a program called ASDP II to improve the financial management capacity of Agricultural Marketing Cooperative Societies...