How to Exit a Member

Created by Nicola Njagi, Modified on Fri, 08 Dec 2023 at 08:27 AM by Nicola Njagi

Step 1; Search for the Member to Exit:

  • Navigate to the member search function to locate the member you intend to exit from the SACCO.

Step 2; Close Loan Accounts:

  • Pay off the outstanding loan balance or transfer funds from the member's savings to close their loan accounts.

Step 3; Withdraw Member Deposits:

  • Close member deposit accounts by withdrawing the deposited amount.

Step 4; Transfer Share Capital Balances:

  • Transfer the share capital balances to another designated member and subsequently close the share capital account.

Step 5; Ensure Closure of all Accounts:

  • Verify that all savings and loan accounts associated with the member are successfully closed.

Step 6; Initiate Exit from Member Profile:

  • Go to  the member's profile and locate the "Close" button.

Step 7; Click on the Close Button:

  • Execute the exit process by clicking on the "Close" button within the member's profile.

Step 8; Confirmation of Successful Exit:

  • Once the process is completed, the member's state should change from 

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