COMMUNITY SAVINGS
Run your village bank from your phone.
Empower your community savings and lending groups by taking them digital.
Baobab Village Banking
Bevura automates calculations, tracks contributions, manages loan disbursements, and provides transparent records for all members, fostering trust and efficiency.
- ✓Create or join a Village Banking group.
- ✓Set contribution amounts and schedules.
- ✓Track savings and request loans as per group rules.
- ✓View transparent transaction history.
Frequently asked questions
Who can start a Baobab group?
Any Bevura wallet holder. The creator becomes the first administrator and a unique group code is generated to invite members. A K25 creation fee applies.
How is interest calculated?
Administrators set the interest rate and loan parameters once at group setup. Bevura tracks accruals and penalties automatically against those rules.
How many members can a Baobab group have?
There's no hard cap on members. The only operational gate is the two-administrator minimum — a group cannot open contribution rounds, accept contributions, or process loans until at least two admins are in place.
Can members borrow from the group?
Yes. Once the group has accumulated funds and the two-admin minimum is met, any member without an outstanding loan can apply. Each loan moves through Pending → Active → Completed; missed repayments mark it Overdue and trigger the percentage penalty configured in the group rules.
Is Baobab regulated?
Yes — like every Bevura feature, it operates under Bank of Zambia licence 06/PSB/2024 held by Yafika Mobile Money Limited.
More from Bevura
Tisonke Contribution Groups
Pool funds for shared goals like weddings or events, with full transaction visibility for all members in a non-interest-bearing wallet
Personal Savings — Pangolin Pocket
Set your own goals and save on your terms. Put away funds in up to 3 separate Pangolins, set optional targets, and break them on your own schedule.
Get Bevura.
