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Cooperative Setup Guide

A comprehensive guide to configuring, onboarding, and managing your cooperative union or credit society end-to-end.

1. Cooperative Tenant Setup

QoopOne is a multi-tenant platform. Each cooperative operates in its own isolated database scope, identified by a unique subdomain or custom domain.

1

Register Cooperative Profile

Provide your legal cooperative name, unique code, official email, phone number, and choose your preferred portal subdomain (e.g., https://yourcoop.qoopone.com).

2

Identity & Branding Customization

Upload your official logo and configure primary and secondary theme colors inside the Admin Settings. This automatically updates your public landing page, portal theme, and email receipt headers.

3

Setup SMS & Email Alert Gateway

Enter your Sender ID and fund your SMS wallet to enable real-time alert triggers for savings deposits, loan disbursement, and meeting notifications.

2. Branch Scoping & Access Control

To support geographical growth while maintaining data integrity, configure branches and assign administrators with strict data visibility boundaries.

How Branch Scoping Works:

  • All-Branches Access: Platform and global admins can view and report data across all branches.
  • Branch-Scoped Access: Branch officers are restricted to viewing and managing members, savings, and loans specifically assigned to their branch.
  • Mandatory Assignment: The Assigned Branch field is mandatory during member registration to prevent access locks.
1

Create Branches

Go to Branches -> Create Branch. Enter the branch name, code (e.g., ABJ for Abuja), location, and contact details.

2

Assign Staff Roles

When creating staff accounts (Admin, Accountant, Loan Officer), choose their branch scope to bind their query filter context.

3. Savings & Share Capital configuration

Set up product structures for regular savings, target deposits, and share capital accounts.

Product Setup Rules:

  • Minimum Shares: Set the baseline share unit price and the minimum share holding required for members to qualify for credit.
  • Flexible Savings: Set interest yield rate, compounding frequency (daily, monthly, or annually), and withdrawal lock-in terms.
  • Auto-Deductions: Enable automated monthly savings deductions directly from member wallets on specific dates.

4. Loan Rules & Automated Credit Scoring

Ditch manual risk assessment. Configure dynamic lending boundaries based on member profiles and saving patterns.

1

Define Loan Products

Set interest rates (flat, reducing balance, amortized), repayment duration limits, and required guarantor counts.

2

Automated Credit Limits (The 1/3 Rule)

Enforce policies like "Max credit limit equals 3x of total savings balance" or configure strict net salary ratios to protect capital pools.

3

Credit Scoring Engine

The system auto-calculates scores based on repayment punctuality, target savings consistency, and active guarantor standings.

5. Maker-Checker Approval Workflows

Ensure financial operations pass security gates. All payouts, loan disbursements, and withdrawals must go through multi-stage validations.

1

Maker Action

A staff member (e.g., Loan Officer) prepares and initiates a transaction or request.

2

Checker Review & Approval

A senior supervisor or committee member (e.g., Accountant or Chairman) receives an alert, audits the compliance trail, and digitally authorizes the payout.

6. Member Onboarding & KYC Verification

Onboard new members securely. Support both staff-assisted registration and self-service online signups.

  • KYC Validation: Capture and store National Identity Numbers (NIN), Bank Verification Numbers (BVN), utility bills, and passport photos.
  • Mandatory Branch Selection: Always assign a branch at the time of creation to ensure the member falls under the correct reporting scope.
  • Auto Wallet Provisioning: Once approved, the system instantly provisions a Savings Wallet and a Share Capital Ledger.

7. Rotating Ajo Savings Cycles

Configure rotating credit circles (thrift savings) with automated collection and disbursement rules.

1

Define Cycle Periods

Set daily, weekly, or monthly contribution frequencies, fixed slot amounts, and cycle duration.

2

Draw Sequencing

Sequence payouts using slot bidding auctions, direct assignment, or random lottery draws. Funds disburse instantly via automated double-entry ledger transfers.

8. Welfare & Benevolent Payout Configuration

Configure welfare categories (Maternity, Bereavement, Medical assistance) with custom payout limits, verification rules, and automated budget lines.

1

Claim Verification

Members upload medical reports or certificates when making a request. The Welfare Committee audits and approves the request.

2

Double-Entry Auditing

Welfare approvals automatically debit the cooperative's welfare liability account and credit the member's wallet, keeping ledger books perfectly balanced.