Village Banking On The Rise...

The bank m’nkhonde mobile application project was designed to digitize the local banking and investment system that is common in rural areas and townships. Bank m’nkhonde/ village Bank involves a local community and its members setting up a fund where each member puts an amount. The fund is controlled a selected leader, members are free to borrow money at an interest from the fund which allows the fund to grow.

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Financial Stability

The Bank m’nkhonde mobile app is designed to digitize, simplify, automate and organize the Bank m’nkhonde/village Bank system which in the eyes of a rural man plays a great role on their financial stability.

User friendly

The app features a simplified platform that is User friendly and can be used use with individuals with low levels of literacy.

Convenience

The app will be responsible for balance updates, current profit of investment updates, reminders of outstanding loans, deliver messages, keep and calculate fund accumulation and amount to be shared to each member and their respective loans and interests. The app acts as a database to facilitate all transactions.