This Mobile App is available to Cooperative members whose Cooperatives have registered with the County Government of Kisii Cooperatives Department and are part of the Kisii Boda Boda Cooperative Union. A given user must get a code for their respective Cooperative/SACCO to be able to access the App (Contact your Cooperative/SACCO and get the right Cooperative/SACCO code to use) Different users will access different services depending on the services availed by their Cooperative. Some of the Services available for most Cooperatives include saving submission, saving statement access, loan application (approvals are done by Cooperative staff who in turn disburse according to existing Business Process), Loan Statement Access.
For Cooperatives with Loan Offering, a sample Loan Schedule is provided below:

Loan Period - 5 Months
Monthly Interest Rate - 2%
Processing Fee - 1% Deducted Upfront
Applicable Maximum Annual Percentage Rate (APR) - 24%
Loan Principal - KES 20,000
Disbursable Amount - KES 19,800.00
Total Repayable Amount - 21,215.85
Total Cost of Borrowing on the borrowers for such a Loan is KES 3,125.85 (KES 2,000 Processing Fee + KES 1,215.85 Interest)

Repayment Plan

Month Installment Amount Interest Loan Balance
1 4,243.17 400 21,215.85
2 4,243.17 323.14 16,972.68
3 4,243.17 244.74 12,729.51
4 4,243.17 164.77 8,486.34
5 4,243.17 83.20 4,243.17