MSC is a comprehensive Digital Record Keeping / Accounting solution for Savings groups for all the major Savings methodologies:
1. VSLA 2. ISAL 3. SILC. With this application, all Savings groups can enjoy the following benefits: 1. Accurate Savings and lending records for each member 2. Each member’s savings and credit history is now available and can easily be accessed should the group seek to access loans from formal financial institutions 3. Time spent during Savings and Lending Meetings can be reduced by more than 50 % since all the complex calculations are handled by the system. With MSC the following group Savings records are available: 1. Savings Record 2. Social Fund 3. Asset-based Savings 4. Agri input Savings In a multi-currency environment, MSC can assist groups to save using different currencies.
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