Run your cooperative from one account
Contribution tracking, loan management, member payments and financial reporting — all in one place. Built for Nigerian cooperatives.
- Free to start
- No monthly fee
- Pay per transaction
What changes when your cooperative's finances run on one account
100%
Contributions tracked in real time
38%
Reduction in loan recovery time
₦12.4m
Average monthly contributions managed
Zero
Missing member statements at meeting
The financial pain points every cooperative knows
Without Niimbu
- Contributions tracked in passbooks and notebooks that are updated irregularly
- Loan disbursements and repayments recorded manually with no real-time balance
- Member statements assembled by hand at every meeting or upon request
- Multiple accounts for savings, loans and cooperative operations
- Dividend calculations done in spreadsheets with no audit trail
- Financial reports for annual general meetings compiled days before the event
With Niimbu
- Every contribution recorded the moment it arrives with a running balance per member
- Loan disbursements, repayments and outstanding balances visible in real time
- Member statements generated on demand with every transaction listed
- One account for contributions, loan funds, operations and dividend payouts
- Dividend and interest calculations generated automatically from contribution records
- Financial reports for AGMs and regulatory filings produced in minutes
From account to fully operational
Open your account
Set up your cooperative, groups and contribution categories. Add members, define loan products and set contribution schedules. Your member management system stays exactly where it is.
Collect contributions
Members contribute via bank transfer or direct debit into your Niimbu account. Each payment is recorded against the member and category immediately.
Disburse and collect loans
Approve loans, disburse funds and track repayments automatically. Interest accrues on schedule and balances update the moment a payment arrives.
Report and distribute
Generate member statements, calculate dividends, produce AGM financial reports and close your books with every receipt in place.
The financial capabilities your cooperative needs
Contribution management
Monthly dues, savings and special levies tracked per member with real-time dashboards and automatic reminders.
Loan origination and repayment
Loan applications reviewed, approved and disbursed from the same account with repayment schedules auto-generated.
Member statements
Individual statements generated on demand showing every contribution, loan and transaction from the date of joining.
Dividend calculation
Dividends and interest on savings calculated automatically from contribution records and distributed to member accounts.
Group and branch management
Multiple groups, chapters or branches managed from one account with consolidated reporting across the entire cooperative.
Financial reporting
Balance sheets, income statements and member summaries produced for AGMs, regulatory filings and internal review.
Record every contribution the moment it arrives
Monthly dues, savings contributions and special levies — each payment is logged against the member's account the instant it arrives. The finance team sees who has paid, who is outstanding and the total collected across all categories, without checking a single passbook.
- Real-time contribution dashboard per member and per group
- Automatic reminders for overdue contributions
- Receipts generated and sent to each member automatically
- Contribution history visible from the day the member joined
Disburse loans and track every repayment without the paperwork
Each loan is set up with its amount, interest rate and repayment schedule. Disbursements are recorded, repayments are tracked as they arrive and the outstanding balance updates in real time. The finance officer sees who owes what and when it is due without checking a ledger.
- Loan products with configurable interest rates and terms
- Repayment schedules generated automatically at disbursement
- Outstanding balances and arrears visible at a glance
- Loan guarantee and collateral tracking per member
Before Niimbu, contribution collection required calling every member individually and reconciling passbooks at each meeting. Now every payment is recorded the moment it arrives and member balances are always current.
A cooperative with 300 members can now reconcile an entire month of contributions in under an hour.
Questions cooperative finance teams ask
Everything you need to know about the financial side of running your cooperative on Niimbu.
Does Niimbu replace our cooperative's member management system?
No. Niimbu is the financial layer that works alongside your member management systems. Your existing systems for member records, applications and communications stay exactly where they are. Niimbu handles the money side — contribution tracking, loan management, member payments and financial reporting.
Can Niimbu handle monthly contribution collection?
Yes. Each member has a contribution schedule based on their group and contribution type. When a payment arrives, it is recorded against the member's account immediately. Outstanding contributions are flagged and reminders are sent automatically.
How does loan tracking work?
When a loan is approved, Niimbu records the amount, interest rate and repayment schedule. Each repayment updates the outstanding balance in real time. The finance officer can see who is current, who is in arrears and the total loan portfolio at any time.
Can members see their own statements?
Yes. Each member can access their contribution history, loan balance and transaction record through their account. Statements can also be generated and sent by the finance team at any time.
How are dividends calculated?
Niimbu calculates dividends based on each member's total contributions, the cooperative's distributable surplus and the formula set by the board. The calculation is automatic and every member's allocation is visible before distribution.
Can I manage multiple groups or branches?
Yes. Each group or branch has its own contribution schedules, loan products and member list. Everything rolls up into one dashboard so the central office sees the financial position of the entire cooperative.
How does loan guarantee tracking work?
When a member takes a loan with guarantors, Niimbu records the guarantors and any collateral pledged. If the borrower defaults, the guarantee details are available for the credit committee to act on.
Can I produce reports for the annual general meeting?
Yes. Niimbu generates balance sheets, income statements, contribution summaries and loan portfolio reports that cooperatives need for AGMs and regulatory filings. Every figure links back to the source transactions.
What does it cost to get started?
Opening an account is free and there is no monthly platform fee. Contribution tracking, loan management and member statements are included from the first day. You pay transaction fees only when money moves — contributions, loan disbursements and repayments.
Built for every sector in Nigeria
Start running your cooperative's finances on one account
Open a free account, set up your contribution schedules and start tracking member payments within days.
Open your account