Financial Services
Financial Services Overview
The Financial Services (Core Banking) module lets you run a SACCO or a lending business right inside Alfasente ERP. You manage your members, their savings, and their loans in one place — and every transaction posts to your accounting ledger automatically, so your books stay balanced without any extra work.
It's built for the way money moves in Uganda: figures in UGX, cash handled over the counter, and mobile money over MTN and Airtel.
Who it's for
The module works for two kinds of business:
- SACCOs — member-owned savings and credit cooperatives, where members save together and borrow from the common pool.
- Moneylenders / microlenders — lending businesses that issue loans to borrowers and collect repayments.
Whichever you run, the building blocks are the same: a member registry, savings accounts, and loans.
The three building blocks
| Building block | What it does |
|---|---|
| Members | The registry of everyone you serve. A member can hold savings accounts and loans. |
| Savings | Savings products and accounts, with deposits and withdrawals by cash or mobile money. |
| Loans | Loan products with configurable interest, plus the full lifecycle from application to repayment. |
Everything posts to your ledger
You don't keep a separate set of books for your financial services. Every deposit, withdrawal, disbursement, and repayment writes the matching accounting entries the moment it happens — the same double-entry general ledger the rest of Alfasente ERP uses.
Members get their own app — Alfasente Circle
Your members don't have to come to the office to know where they stand. Alfasente Circle is a free mobile app for individual members. After your back office issues a member their login, they can sign in to see their savings balances and statements, their loans, repayment schedules, and what's due next, and raise a small set of requests — a loan, a withdrawal, or a profile update — for your staff to review.
It is read-and-request only: no money moves through the app, and a member only ever sees their own information. You issue, reset, or revoke a member's login from their profile in the back office. See Alfasente Circle (member app).
Turning the module on
Financial Services is enabled by the Alfasente team for your business. If you'd like it switched on, contact support and they'll set it up for your account.
Where to go next
- Members — build your member registry.
- Savings — savings products, deposits, and withdrawals.
- Loans — loan products and interest methods.
- Loan lifecycle — from application through to repayment.
- Alfasente Circle (member app) — what your members can do on their phone.
Last updated 2026-08-12