Group Savings
Group Savings (Ajo)
Inspired by the traditional "ajo" model, Group Savings, also known as Ajo, is a flexible and convenient way for two or more people to save together towards a common goal. Whether it’s for rent, a trip, business capital, or any financial need, this plan ensures everyone contributes and gets their payout in a structured manner. people together for shared financial success.
How It Works
A simple guide to setting up and managing your group savings.
1. Create a Group
- The admin sets up the group by choosing a name.
- Defines the amount each member contributes.
- Sets the contribution and payout frequency (daily, weekly, or monthly).
- Selects a start date and an optional end date.
2. Set Late Payment Penalty
- To encourage discipline, the admin sets a penalty fee for late contributions.
- Any member who contributes late will pay an extra fee, which is credited to the payout pool.
3. Invite Members
- The admin adds members by entering their phone numbers.
- Members receive an SMS invite to join the savings group.
4. Start Saving
- Once set up, members contribute as scheduled.
- The payout is distributed based on the set frequency.
- Everything is managed seamlessly on the Ajo360 dashboard.
Company Milestones
One Platform, Endless Savings
Whether it’s personal, business, or group savings, Ajo360 gives you the right tools to save the way you want.
Your Money, Your Way
Take control of your finances with Ajo360—whether it’s personal, business, or group savings. Download the app today!
App Functionality Overview
How it works?
Accountability
Members stay committed to their savings goals.
Structured Payouts
Everyone gets their turn to receive the total contributions.
Flexible & Secure
Admin manages settings, and all transactions are trackable.
Your Money, Your Way
Take control of your finances with Ajo360—whether it’s personal, business, or group savings. Download the app today!
