Pay out loans, dividends and shares to every member
A group keeps its money in the bank, but its members live on mobile money. Move the amount you are paying out into your Malipopay wallet once, then pay each member to their own phone.
Who you can pay
- Loan disbursements
- Dividends and interest
- End-of-cycle share-outs
- Welfare and emergency support
How it works
The same four steps whether you pay ten people or five hundred.
Deposit from your bank
Pay the total into your permanent deposit number from CRDB or NMB. Free on the Malipopay side.
Upload your list
Fill the payout template in Excel and upload it. Every row is checked with a name lookup.
Approve with a code
See the total, the fees and the balance left, then approve with a one-time code.
Everyone is paid
Money goes to each mobile money number or bank account, and every row gets its own status.
Why it works for saccos, vslas and groups
Money goes to the member, not through a treasurer’s phone
Every member is paid directly, and every payment has its own record, so nobody carries cash for the group.
Agreed before it is paid
The list is verified, then approved with a one-time code sent to the person approving, so the list that is signed off is the list that gets paid.
Records for the next meeting
Each payment has a status and reference you can show the members at the next meeting.
| Name | Account | Amount (TZS) | Description |
|---|---|---|---|
| Member 014, Rehema | 0756 000 111 | 250,000 | Loan, cycle 6 |
| Member 027, Daudi | 0692 000 222 | 84,000 | Share-out, cycle 5 |
| Member 031, Zawadi | 0779 000 333 | 84,000 | Share-out, cycle 5 |
What it costs
Depositing is free. Each payout is charged on the published disbursement tariff.
Free
Deposit from CRDB or NMB
From TZS 500
Per mobile money payout
From TZS 2,500
Per bank payout
Other ways businesses use it
Salaries and payroll
Fund once from CRDB or NMB, then pay the whole staff list to mobile money and bank accounts in one batch.
Vendor and supplier payments
Settle invoices from many suppliers in one batch, to their mobile money or bank account.
Agent and commission payouts
Pay field agents, sales reps and commission earners straight to their mobile money.
Start paying from one deposit
Open a free account, get your deposit number, and run your first batch.