VSLA Digitization: Group Savings and Financial Empowerment, Made Accessible
DigiSave is a comprehensive digital savings platform tailored to meet the unique financial needs of smallholder farmers and community saving groups. With just one smartphone per group, DigiSave enables farmers to manage finances, track savings, and grow their knowledge in a secure, user-friendly digital environment.
This simple setup ensures that even groups with limited access to technology can benefit from DigiSave’s comprehensive financial management tools.
Core Features of DigiSave
- Create and Manage VSLA Groups: DigiSave enables effortless group creation, member onboarding, and financial tracking, securely storing all data for reliable financial management.
- Schedule Meetings, Record Attendance, and Capture Minutes: Group leaders can schedule meetings, send reminders, track attendance, and record minutes for transparency and accountability.
- Track Savings and Contributions: DigiSave provides real-time tracking of individual and group contributions, promoting transparency and trust within the group.
- Process Loan Applications and Track Repayments: DigiSave streamlines loan application processes, repayment scheduling, and tracking, supporting responsible lending and financial stability.
- Monitor Shares and Manage Distributions: DigiSave automates share management and profit distribution to ensure fair and transparent handling based on contributions.
- Generate Detailed Financial Reports: Leaders can generate reports on savings, loans, and contributions, providing insights into the financial health of the group.
- Send Automated Reminders: SMS notifications for meetings, contributions, and loan repayments keep members organized and on track.
- AI-powered Credit Scoring: DigiSave’s AI evaluates group financial behaviors to create credit scores, facilitating access to credit and new financial opportunities.
- Offline Functionality and Data Syncing: DigiSave supports offline operation, automatically syncing data when internet connectivity is available, ensuring continuous functionality.
- USSD Access for Member & Group Accounts: Through USSD, members can view balances and track contributions on any mobile phone, making DigiSave widely accessible.
- Financial Literacy Training Module: DigiSave includes a dedicated module offering localized financial literacy training with interactive quizzes, providing essential knowledge on saving, budgeting, and borrowing.
Empowering Farmers with Minimal Technology Needs
With DigiSave, rural saving groups need only a single smartphone to unlock a world of financial tools and learning opportunities. DigiSave’s accessibility, combined with its powerful feature set, makes it a practical and empowering solution for farmers looking to build financial security and independence within their communities.
FAQ
DigiSave Digital Savings Platform FAQs
Group members can access their personal and group accounts by dialling 217101#. During the initial group registration in the DigiSave app, members’ phone numbers are captured so no separate registration is needed for USSD access.
No, once a group registers its members in the DigiSave app and includes their phone numbers, those members can directly access their account details via the USSD platform *217*101# without additional registration.
The DigiSave app is available on the Google Play Store, allowing easy access to group and individual savings management.
