Zuzu Pot is an interest free crowd saving platform that uses a rotating savings and credit association model. ROSCA is also known as tandas (Latin America), chit fund (India), partnerhand (Caribbean), palugwana (Philippines), cundinas (Mexico), arisan (Indonesia) hagbad or ayuuto (Somalia) and by many other names around the world. ROSCA model work by allowing a group of individuals to contribute a fixed amount of money on a monthly or weekly basis. The total amount collectively saved is then paid to one member in the group. This activity carries on until all members are paid. This means that the first person to receive payment is essentially loaning the majority of the money he receives and the last to receive payment has saved by loaning to others in the group. ROSCA is a popular form of saving and is used throughout the world.
Zuzu pot brings ROSCA into the 21st century by making it easier through our app.
Within Zuzu Pot app users can create a pot, invite friends and family and keep track of the contributions and payments to each participant. You can also join pots you are invited to and keep track of all pots you are participating in as well as view your history of participated pots. Zuzu Pot lets you keep in touch with the rest of the group via a built-in chat among other features.
Users can also contact Zuzupot by emailing firstname.lastname@example.org regarding any queries plus make sure to follow us on Social Media and tell your experience of the app.