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Monthly Contribution
Minimum R500 per member per month. Higher contributions are allowed and encouraged.
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Internal Lending
Members may borrow from the collective fund, subject to availability and compliance.
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Loan Interest
All loans carry 10% interest, repaid back into the pool to grow the collective fund.
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Loan Eligibility
You must have no contribution arrears and no active outstanding loan to be eligible to borrow.
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Bank Signatories
All transactions require multiple signatories to prevent fraud and ensure accountability.
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Early Withdrawal
Withdrawing before the end of the financial year is subject to penalties as outlined in the group constitution. The process requires group approval.