Savings circle
A group that saves together and pays out to each member in turn.
A savings circle lets a trusted group contribute a set amount on a schedule, with each member receiving the pot in turn.
Contributions, turns and payouts are recorded, so nobody has to keep a notebook and everyone sees the same figures.
Also called: susu, esusu, ajo, rotating savings, chama.
More in Money
- Local currencyThe everyday currency of your country, which is what every balance, price and payment on gFinOS is shown in.
- WalletA single balance inside your account, held in one currency.
- My MoneyThe main screen that brings together your cash, savings, rewards, gift cards and credits in one total.
- CashbackA share of an eligible purchase paid straight back into your account in your local currency.
- Top upAdding money to your gFinOS account from a bank account or card.
- WithdrawalMoving money from your gFinOS account out to a bank account.