GROUP SAVINGS AND BORROWING SIMPLIFIED
MiKashBoks makes saving and lending with friends easy and safe.
MEET YOUR FINANCIAL GOALS WITH YOUR FRIENDS
Are you a group of friends saving towards a goal like a wedding? Or a small business owner saving for your next purchase? MiKashBoks lets you be your own bank.
You’re in control – 4 simple steps to saving success
1. Create a group and invite your friends
2. Set your own rules – how much to save, how often. Can members borrow? Specify how much, and when they should make repayments
3. Start saving and growing your pot together
4. Achieve your goal when you cash out
EASY & SAFE
· Everyone in the group can see what they have at a glance
· MiKashBoks helps you manage your finances by notifying you when your next contribution or repayment is due.
· Link your bank or mobile money account and make your savings and payouts instantaneous. This means it’s easy to save with friends who don’t live nearby.
GET A LOAN
· Borrow from group’s savings pot when you need a loan (if your group allows it)
· Have that loan automatically sent to your linked account
· Earn as other members pay back their loans
· Cash out your money when you need it
YOUR SECURITY IS OUR PRIORITY
· Verified – Users are verified with a government-issued ID to protect their accounts and interactions.
· People You Know – Users can only invite people they know to their groups
· Protection – Built-in fraud protections, and dedicated customer care; savings are stored with registered banks.
· Consent-driven – Users are in charge of all their interactions on MiKashBoks.
GET ACCESS TO BETTER FINANCIAL PRODUCTS
· You can build up a credit history in the MiKashBoks app
· This can be used to help you get financial products that would have been difficult beforehand, like loans at better rates or insurance.
MiKashBoks (MKB) is a digital social finance platform that makes saving and lending in groups easier and safer. Over 400 million people around the world regularly save and borrow together in community groups and with friends. They use these transactions to make investments and earn a return. Because most of these groups are offline and manual, this makes it hard work and unsafe. We provide a safe and connected way for these groups to transact and access formal financial services.
Great app, love the simplicity of the UI, I am sure the developers take great patience in understanding the level of technology literacy of some potential users, the design is great.
Personally I think it is a great idea. But honestly I am yet to understand how it fully works because I am genuinely thinking about people who donot pay their dues completely, how do u contact them, or do they forfeit what they have paid? Or do u just take as much as u put in? There is alot of questions and concerns
This app is 10/10 for me really Simple to use and UI/Ux is great. Now I can have a digital Kashbox in my pocket😊
Am so in love with this app it is easy to use an simple to understand Now I can do my contributions with friends by distance
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