Rika
LiveDigital table banking for SACCOs and chamas
Table-banking and SACCO platform that runs the full group-savings cycle: members, contributions, multi-approver loans, dividends, and an objective per-member credit score, over web, USSD, and M-Pesa. Per-group PayBill routing, a daily-reconciled ledger, and a complete activity-log audit trail.
The story
Rika digitises how Kenyan chamas and table-banking SACCOs actually run: groups that were tracking member contributions and loans in a book and a shared PayBill, with a treasurer reconciling by hand every cycle and no real-time view of who owes what.
The platform runs the whole cycle. Members join a group, contribute on a schedule, borrow through a multi-approver loan flow with guarantors and tiered arrears escalation, and share dividends at the end of the cycle. An objective per-member credit score, five weighted factors with recency decay, informs lending; a per-group wallet and a daily reconciliation job keep every shilling traceable. Members transact over a USSD menu, a web portal, and M-Pesa (STK, C2B, B2C), with each group routed to its own PayBill and SMS sender so contributions land in the group's own account.
What we built
Concrete features that are in production today. No roadmap items.
Members & groups
Many-to-many memberships, group officers and approvers, invite codes and join requests, and bulk CSV member import.
Contribution tracking
Per-group schedules and targets, automated reminders, a poor-contributor digest to admins, and a weekly dormant-member sweep.
Multi-approver loans
Loan requests routed through a configurable approval chain with guarantors, per-group interest and penalty rules, and staged arrears escalation.
Credit scoring
An objective per-member and per-group score from five weighted factors with recency decay, recomputed nightly. Advisory only.
Dividends
Weighted dividend cycles with an approval step, per-member PDF payout statements, and M-Pesa disbursement.
Ledger & reconciliation
Per-group wallets with a daily reconciliation job that flags any drift between contributions, disbursements, and repayments.
What stands out
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