Group savings and loan guarantees have always been a key part of how financial communities grow together. They encourage accountability and shared progress. With the Groups feature, lenders can easily bring users together into groups whether for saving collectively or backing loans as a unit making it easier to manage trust and ensure everyone moves forward together.
To maintain the integrity of these groups, especially in more structured financial arrangements, Strict Membership can be enabled. This setting ensures that only approved members remain in the group, helping lenders enforce tighter controls and reduce risk. Here’s how to enable it from the Lendsqr admin console:
This guide will walk you through the steps to enable strict membership for your groups in the Lendsqr Admin Console.
Log into the Lendsqr admin console. Go to app.lendsqr.com and sign in with your admin credentials.
From the dashboard, click on Customer Management in the side menu.
Under Customer Management, select Groups.
Locate the group you want to update, click the three-dot menu icon beside it, and choose View Details.
In the group details window, click on the Group Attributes tab.
Scroll to find Strict Membership, click the three-dot menu next to it, and select Edit.
Tick the checkbox beside Strict Membership, then click Submit.
A prompt will appear asking you to confirm the change. Click Confirm to proceed.
Once confirmed, strict membership will be successfully enabled for that group.
