About SACOTECH APP

SACOTECH APP is a platform where users (stokvels and SACCOs) can learn about financial literacy and save together. SACOTECH App solution ensures the safe keeping of records and growing the stokvels savings whilst ensuring that the members of the group still own their savings and credits group. Financial literacy is a major part of the solution hence users of the platform will receive monthly blogs on financial literacy topics to improve their knowledge about money and master their finances.

SACOTECH APP has adopted to local systems such as stokvels, group savings and microfinance and is making these available, accessible and affordable to all segments through a simple financial system that will allow members of a Stokvel or SACCO to easily and safely administer the activities of their groups and save. The application allows savings groups and stokvels to create their groups, record the savings group members make, record loans they take and ensures transparency and easy record keeping. 

The App will allow the users to

1. 1. Record Savings/Deposits. Administrators will be able to allocate contributions made by group members and members can view the account and track their contributions. 
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3. 2. Have reports. This option gives you information on what happened in your group account as users. The app will report on who deposited money, how much has been collected in total, who borrowed money, how much of the loan has been borrowed. How far are you from reaching the group goal. Individual reports can also be viewed. you dont have to record in a book
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5. 3. Ensure transparecy in a group. All members are able to view what is happening in their group at any given time
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7. 4. Avoid losses resulting from some members stealing money from the group
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9. The app is available online through the google play store on 



https://play.google.com/store/apps/details?id=com.appsbykoketso.sacotechapp&hl=en