Chamasoft vs Bidii Chama

Chamasoft is a book keeping tool for Investment Groups ( Chama ), commonly known as Chamas. Chamasoft automates the operations of these groups, eliminating the need for complex Excel sheets and bulky write up, thereby making the work of financial book keeping within the group easier. It achieves this in the following way: 1. It automates member invoicing, 2. Keeps an updated statement for each member, 3. Members can login to view their financial position within the group, 4. Reminds members to make payments, stores group data on the cloud (available 24/7 anywhere in the world) and 5. A cash book module for use by the Treasurer. FEATURES: - Chamasoft E-Wallet Chamasoft provides an online E-Wallet that chamas can use to manage their finances by making payments via M-Pesa and withdrawals to M-Pesa or any bank account. - Financial Management Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records. - Membership Management Chamasoft allows one to register all members on the system where they access to their chama records online. - Bank Account Management Chamasoft records withdrawals, transfers and deposits that are performed on the bank accounts. - Expense Management Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services. - Project Management One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project. - Loan Management For chamas that do internal lending, Chamasoft provides a platform for recording these loans. - Financial Reports Chamasoft generates the following reports; Member Statements, Loan Summaries, Expense Summary and Transaction Statements. - One Time Penalty Management One can penalise members for issues such a late coming and this will be reflected on the members' statement. CHAMASOFT Focus on your Group Investments (chama, sacco) as we handle your group financial administration. Do not wait — Download and automate your group, chama or sacco now!

Bidii Chama App – Empower Your Chama with Trust, Transparency, and Automation! Don't let confusing contributions and messy books throw your chama into chaos! We've made the Math Easy with Bidii Chama! Track everything seamlessly - contributions, loans, and disbursements - all with complete transparency for all members. With the Bidii Chama application, the financial activities of your chama can be digitized and put under transparent and trustworthy accountability for everyone involved. The idea is to keep track of contributions, disbursements, and loans- easy, yet everyone knows what's going on. Streamline Your Chama Operations Bidii Chama empowers self-help groups and other social organizations such as clubs, associations, and societies by automating their financial operations. From real-time tracking to seamless approvals, mobile solutions make your chama easy and simple to manage. Some of the features of the Bidii Chama application: 1. Effortless Chama Management: Create and manage your chama, set payment schedules, and invite members easily. 2. Real-Time Tracking: Know when and the amount of contributions, loans, and disbursements through clear and concise reports. 3. Mobile Money Integration: Send and receive funds securely, request loans, and disbursement of money. 4. Member Wallets: Send, withdraw, or top up funds in an instant. 5. Streamlined Loan Processes: Automated Peer-to-peer lending process where chama members contribute regular installments. These pooled funds can be used for peer-to-peer lending within the group. Members can apply for loans from this pool, subject to approval from the Chama leadership. Loan terms are set by the chama. 6. Secure and Encrypted: Your personal data is protected for peace of mind. Disclaimer: Please note that Bidii Chama does not provide loans or set loan terms; it is a savings group management platform. All aspects of finance, including interest rates and repayment schedules, are determined by the chama themselves. Users should verify terms with their chama before agreeing. Simplify your chama with Bidii Chama.- Small steps to a better future!