Everything you need to know about Kwimbo Bank. Can't find what you're looking for? Sign in and reach us from your dashboard.
Who is Kwimbo Bank designed for?
Kwimbo Bank is built primarily for savings group treasurers and administrators — anyone who currently manages a village bank, chama, or stokvel using spreadsheets or manual records. It's equally valuable for ordinary members who want real-time visibility of their own financial records and the health of the group.
What if my group already has financial history in a spreadsheet?
You don't need to start from scratch. Kwimbo has a built-in Excel import wizard — upload your existing spreadsheet and it will automatically detect your savings columns, loan records, repayment history, and member names regardless of how your file is laid out. You review and confirm everything before a single record is saved. Your group's full financial history is live in the app from day one. Start by clicking "Get Started / Create a Group" on the home page.
What happens if not all members are on the app?
Admins can log transactions on behalf of any member, ensuring records remain complete regardless of whether that member has downloaded the app. When members eventually join, they claim their profile using their registered phone number and instantly see their full history.
What is the loan default risk prediction feature?
When a loan request is made, Kwimbo Bank looks at the member's past behaviour — how they've repaid previous loans, whether they've missed payments, how active they are, and how much they've saved over time. It then combines all of this into a simple risk level — from low to critical — to help you make a better decision. This doesn't replace your judgement as an administrator. It strengthens it. You still decide, but now you're deciding with clear, data-backed insight instead of guesswork. Think of it as a second opinion — one that never forgets past records and always looks at the full picture. This feature only kicks in after 6 months of financial data is available but it will work better and be more accurate with more data over time. Note that this app does not use AI — it simply tracks past behaviour in order to help you make smarter decisions when giving out loans.
How are credit scores calculated?
Each member's credit score is built automatically from their contribution compliance, loan repayment history, and overall financial behaviour within the group over time. The group also receives an aggregate score reflecting its collective financial discipline. These scores improve as more data accumulates.
What kind of reports can the app generate?
Kwimbo generates consolidated reports — a full picture of the group's current financial position — and monthly reports for each period where data exists, up to 12 months back. Reports can be downloaded directly from the app, ready to share at meetings or for record-keeping.
Is the app free to use?
Yes — completely free right now. Every feature is included at no cost: loan management, credit scoring, risk prediction, analytics, reports, payment reminders, and the mobile app. We will introduce pricing later as the product grows, but free limits will always remain in place.