A SACCOs is a democratic, unique member driven, self-help co-operative. It is owned, governed and managed by its members who have the same common bond: working for the same employer, belonging to the same church, labor union, social fraternity or living/working in the same community.

The SACCOs aims a meeting the financial needs of all its members men/women, old/young, rich/poor in particular, by encouraging savings and granting loans to the members. In order to provide the best and most durable satisfaction to its members, the SACCOs is concerned about its own financial stability and to do so it must achieve profitable management on an ongoing basis. The mission of the SACCOs is to make available on site, to anyone wishing to join it, financial services under the best conditions, while enabling the cooperative to cover its operating expenses and providing for the economic education for its members.

Microfinance is a category of financial services targeted at individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts microinsurance and payment systems. Microfinance services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.

Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delivery of financial services to such clients were: (a) relationship-based banking for individual entrepreneurs and small businesses; and (b) group-based models, where several entrepreneurs come together to apply for loans and other services as a group. Over time, microfinance has emerged as a larger movement whose object is a world in which as everyone, especially the poor and socially marginalized people and households have access to a wide range of affordable, high quality financial products and services, including not just credit but also savings, insurance, payment services, and fund transfers

It may be hard to acknowledge the investments that small business put in the SACCOs-Microfinance industry in most cases because of being unfamiliar with the industry itself and the challenges at the beginning, but Amala App Suite recognises that and in primacy and that being the case it opens doors and further opportunities to the business of all scales in the SACCOs-Microfinance sector. Our services extend to not only providing our core services but also train our clients on strategies and means of winning the SACCOs-Microfinance sector in Tanzania. This is because we believe our winning and great service depends on how our clients and their clients win in the sector by getting in return the expected result and more.

The system avails you with multiple solutions to your managerial tasks and the efficient control of your funds. You get to examine the trend of your operations and management of funds. If all that is enough the system provides you with the best loan management software that help your business acquire efficiency and accuracy.

Loan Management Service means Lender's proprietary automated loan management program that controls the manner in which funds are transferred between the Designated Account and the Revolving Loan for credit or debit to the Revolving Loan, or any successor service or product that performs similar service. The Loans Management in Business Operations is a means of enabling financial institutions to perform business operations during the life-cycle of a loan, such as creation of the loan, disbursement of funds, allowing customers to skip a payment or payoff a loan fully

With a proper Loan Management system, if your organization provides employee loans, this module enables you to define and manage employee loan policies and their entitlement based on different parameters. ... Amala App Suite is an innovative loans management system that offers the full range of capabilities needed in a mortgage and/or loans operation.