ElGameya
50K+
Downloads
Teen
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About this app
ElGamaeya Enables the offline users of ROSCA model to organize their Cycles more, and transfer their money securely without consuming time and effort.
A ROtating Savings and Credit Association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together.
A group of people deposits regular sums of money over a fixed interval with a principal individual, known as ‘the banker’.
The money then goes into a central fund.
Each person in the group will take a turn in withdrawing all that money.
For example, if ten partners pay in £10 each week, over the next ten weeks each week the banker will pay £100 (the draw) to one partner.
This is done each week until every partner member has taken part in a draw.
A ROtating Savings and Credit Association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together.
A group of people deposits regular sums of money over a fixed interval with a principal individual, known as ‘the banker’.
The money then goes into a central fund.
Each person in the group will take a turn in withdrawing all that money.
For example, if ten partners pay in £10 each week, over the next ten weeks each week the banker will pay £100 (the draw) to one partner.
This is done each week until every partner member has taken part in a draw.
Updated on
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No data shared with third parties
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No data collected
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Data is encrypted in transit
You can request that data be deleted
What's new
Some improvements and bug fixes