Loan processing from five days to two hours
About Equity SACCO
A savings and credit co-operative serving 26,000 members across eight branches.
The challenge
Loan applications moved between branches on paper. Approval took five working days on average, and members had no way to check where their application stood.
The Riset solution
SACCO ERP with digital loan origination, automated eligibility scoring and a member self-service portal.
Implementation
Member and loan-book data was migrated from the legacy core system over a weekend cutover, with parallel running for the first two weeks.
What they run
Results
Loan processing dropped from five days to two hours, and branch staff stopped couriering files between sites entirely.
Loan processing dropped from 5 days to 2 hours. SACCO ERP is genuinely world-class.
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