Lesotho, Oct. 7 -- Alliance Insurance Company has introduced HOLA, a digital administration platform designed to help stokvels, cooperatives and other member-based savings schemes manage their finances more efficiently, transparently and securely.

Established in 2026, HOLA seeks to modernise the management of community savings groups by moving away from manual processes, spreadsheets and paper-based records towards digital financial management.

The platform allows savings schemes to manage member records, contributions, loans, reconciliations, investment allocations and committee approvals within one system, helping to reduce administrative errors and strengthen financial accountability.

According to Alliance Insurance Company Founder...