Case study
Ifelodun CMS – digitising savings, loans, and welfare for cooperatives
Prism Technologies partnered with Ifelodun Multipurpose Cooperative Society to launch a secure, transparent member portal handling savings, loans, welfare funds, and communication for thousands of members.
Client
Ifelodun Multipurpose Cooperative Society, serving diverse members across Ogun State.
Engagement
Product discovery, UX/UI, platform engineering, SMS integrations, member onboarding, and continuous support.
Timeline
14 weeks to go-live · ongoing enhancements and support retainer.
The challenge
Members communicated via paper forms and manual ledger books. Loan approvals, savings statements, and welfare disbursements involved heavy paperwork and limited transparency, creating delays and mistrust.
- Members had no single portal to track savings, loans, or welfare contributions.
- Executives lacked real-time dashboards to monitor the society’s financial health.
- Communication relied on bulk SMS without personalised insights.
Our approach
We collaborated with executive committee members, treasurers, accounts, and welfare officers to design a platform that respects cooperative rules, automates tedious workflows, and empowers members to self-serve.
- Co-created savings and loan rules with committee input.
- Designed interfaces for admins, executives, and members with role-based access.
- Integrated SMS and email alerts to keep everyone informed.
Solution snapshot
Member self-service
- 24/7 access to savings, loans, dividends, and welfare statements.
- Loan application and tracking with automated eligibility checks.
- Configurable notifications via SMS and email for contributions and approvals.
Executive & admin tools
- Realtime dashboards for cash flow, outstanding loans, and welfare funds.
- Automated reconciliation with salary deduction systems.
- Advanced permissions for executives, auditors, and treasurers.
Architecture & integrations
Built with Vue, Node.js, PostgreSQL, and Redis, hosted on AWS with automated backups. Integrated with banking APIs and payroll deduction files to reconcile contributions and loans accurately.
- Role-based access control aligned with cooperative governance.
- Audit logging and exportable reports for monthly executive meetings.
- Secure APIs for future integrations with point-of-sale systems.
Results
- 100% of members onboarded to the portal within 60 days.
- 45% reduction in loan processing time via automated approvals.
- 3× increase in member engagement thanks to personalised notifications.
Implementation timeline
Weeks 1–3
Stakeholder workshops, product definition, data audit.
Weeks 4–6
UX prototypes, validation with governance committee & members.
Weeks 7–10
Engineering, banking integrations, testing.
Weeks 11–14
Data migration, pilot launch, training, enablement resources.
Client testimonial
“Members now have full visibility into their savings, loans, and welfare benefits. Prism’s platform builds trust and keeps our executives proactive, not reactive.”
Digitise your cooperative with confidence
Prism Technologies helps cooperatives in Nigeria modernise savings, loans, welfare, and communication with secure member portals and executive dashboards.
Project snapshot
- Platform: Vue, Node.js, PostgreSQL, Redis, AWS
- Integrations: Banking APIs, salary deduction files, SMS gateway
- Users: 2,500+ members, executive committee, treasurers, auditors