Savings circle calculator
Plan a savings circle, stokvel, chama, susu or tanda: see the pot, the date of every turn, and what your own turn means in money paid in before and after you collect. Free, no sign-up, nothing leaves your browser.
- 1Type in your own numbers
- 2The tool works it out
- 3See the answer clearly
Up to 60 members. This assumes everyone pays the same amount every round and nobody leaves early.
How a savings circle works
A savings circle, or rotating savings and credit association (ROSCA), is a group that agrees an amount, how often to pay and the order of turns. Every member pays in each round, and one member takes the whole pot, until everyone has had a turn. They go by local names such as stokvels in South Africa, chamas in Kenya, susus in West Africa and the Caribbean, and tandas in Mexico.
Why the order matters
Every member pays in and receives the same total, so nobody earns or loses money on the sums alone. An early turn works like an interest-free loan paid back over the later rounds, and a late turn works like saving up. The main risk is a member who stops paying after taking the pot early, so clear written rules, trusted members and recorded payments all help.
See it happen
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
Launch your own money app
SendPay lets you launch your own money app under your brand, with GBP, EUR and USD accounts, transfers, branded Visa cards, payment links, invoices and subscriptions, powered by licensed partners. A community could use subscriptions and transfers to collect and pay out a circle's money with a clear record. SendPay isn't a bank and doesn't offer lending.