Better payment records for cooperatives.

Start with the farmer’s account

An incorrect account number or a mismatch in a beneficiary record can delay a farmer’s payment. The cooperative then needs to find the problem, correct the details and arrange the next instruction.

Our planned payment process moves the account check earlier. It gives the cooperative an opportunity to resolve an exception before authorising the transfer, while retaining the reference needed to follow the bank response.

Working with Korosho CJE

Korosho Cooperative Joint Enterprise Limited is a cooperative organisation formed by six unions in Tanzania. It serves member cooperatives in the cashew, sesame and related agricultural sectors. Its role is separate from that of the Cashewnut Board of Tanzania.

The payment programme brings the cooperative’s knowledge of its members together with CapitalPay’s account-validation and payment-record technology. The objective is a more dependable process for the people preparing payments and the farmers expecting them.

What a useful result looks like

The measures that matter are practical: the proportion of records validated, the number of returned payments, time taken to resolve an exception and the time between an approved instruction and a confirmed outcome.

Those measures need a defined period and a clear population of payments. Programme scale and the value of the wider cashew economy describe the opportunity; actual transaction records show the results.

Inside the payment process

Our video explains the account checks that sit before a farmer’s payment instruction and why accurate details matter at that point.