Software for Your Savings Group or VSLA
KashRound helps savings groups and VSLAs in Uganda and Kenya track contributions, loans, and interest through the full savings cycle, right up to a transparent year-end share-out.
What is a savings group?
A savings group is a group of members who come together to save for a fixed cycle, usually one year. In rural areas, this model is commonly called a VSLA (Village Savings and Loan Association). In town, people typically just call it a savings group. The mechanics are the same.
Throughout the cycle, members can borrow from the pooled savings at reduced rates, lower than what they'd pay a bank or moneylender. At the end of the cycle, the group does a share-out: every member gets back everything they saved, plus their share of the interest earned from loans and other group transactions during the year.
The challenge is keeping an accurate record across a full year, dozens of contributions, and loan repayments, so that the final share-out is trusted by everyone. KashRound replaces the notebook with a running, transparent record from day one of the cycle to the last day.
How KashRound works for savings groups & VSLAs
- Contribution tracking — every member's savings logged for the current cycle
- Loan management — request, approve, and track loans at the group's agreed rate
- Interest tracking — loan interest and other income tracked as it's earned
- Share-out calculation — each member's savings plus their share of interest, calculated automatically at cycle-end
Savings group & VSLA FAQ
What is a savings group?
A savings group is a group of members who save together for a fixed cycle, usually one year. During the cycle, members can borrow from the pooled savings at reduced rates. At the end of the cycle, everyone gets their savings back plus a share of the interest earned from loans and other group transactions.
What is a VSLA, and is it the same as a savings group?
VSLA stands for Village Savings and Loan Association, it's the same model as a savings group, just the term more commonly used in rural areas. In town, people usually just say savings group. KashRound supports both under one system.
How is a savings group different from a chama or cash round?
A cash round or merry-go-round rotates the full pot to one member each cycle. A chama can do either. A savings group (VSLA) is different: everyone keeps saving into a shared pool for the whole cycle, borrows from it as needed, and only gets their savings plus interest back at the end, at the share-out.
How does the year-end share-out work?
At the end of the savings cycle, KashRound calculates each member's total savings plus their proportional share of the interest earned from loans and other group income, based on how much they contributed. Every member sees the same numbers before the group shares out.
Can KashRound calculate loan interest automatically?
Yes. Loans are tracked with the group's agreed interest rate, and repayments are recorded as they happen, so the interest earned is calculated automatically and reflected in each member's share-out.
Is KashRound built for savings groups and VSLAs in Uganda and Kenya?
Yes. KashRound is built by a team in Kampala and supports savings groups and VSLAs across Uganda, Kenya, and East Africa, including groups that run a full annual cycle with a share-out.
Ready to Transform Your Savings Group?
Join hundreds of groups already using KashRound to manage their finances transparently and efficiently.
No credit card required • 2-Month free trial • Cancel anytime