About
We take the traditional ROSCA (Rotating Saving and Credit Associations) model online - making money circles a lot easier to form and manage. Money circles is a proven, ancient and a traditional offline model that is practiced offline in 83 countries around the world today, special LATAM, Asian and all Middle Eastern countries. In a money circle a group of peers (usually friends, friends of friends, family, etc..) joins together to lend and save money together. How it works: * A group of peers joins together, all agreeing to pay in a fixed monthly instalment into a pot. * Each month, one of the circle participants receives the entire amount paid into the pot, by all other participants. * The money circle ends when each participant has received his/her payout once. In a money circle lending and saving are intertwined: participants receiving an early payout are receiving credit and participants with a late payout are effectively participating in a savings plan.