In table banking, the money collected at each meeting goes straight back out as loans. That makes the arithmetic hard: who borrowed what, at what interest, and who is behind. ChamaBook does the sums and keeps everyone on the same page.
What table banking need
Savings and loan repayments recorded at every meeting
Interest and penalties calculated the same way for everyone
Guarantors who know what they have signed up for
A share-out that adds up at the end of the cycle
How ChamaBook helps
Bulk entry at meetings. The treasurer records cash collected for many members at once, or members pay by M-PESA.
Loans from the pool. Flat or reducing-balance interest, limits as a multiple of savings, guarantors and schedules.
Arrears at a glance. See who is behind on savings or repayments before the meeting starts.
Interest shared fairly. Interest earned is credited back to members by each member's savings when you declare a dividend.
A typical set-up
Weekly savings of KES 500, loans of up to three times savings at 10% flat for three months, one guarantor per loan, and a share-out every December.
Questions table banking ask
How does ChamaBook handle loans in table banking?
Set up a loan product with your interest rate (flat or reducing balance), the most a member can borrow as a multiple of their savings, guarantors and repayment period. ChamaBook builds each schedule, charges penalties for late instalments and shows arrears before every meeting.
Can we record cash collected at a meeting?
Yes. The treasurer records a whole meeting's collections on one sheet, for many members at once, and each member gets a receipt with their new balance. Members can also pay by M-PESA.