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Setting Share Prices and Deposit Rules - Community Savings and Lending

A guide to Share Prices, Savings Deposit Rules and the Social Fund

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Written by Bruce Martinez
Updated over 2 years ago

Each Community Savings and Lending Group will have a 'Share Price'. This is the base amount that the group will save, and can be set to whatever amount the group decides upon.

A member purchases one share each time they contribute a savings amount equal to the Share Price and at group cash-out they are paid back based on how many shares they have purchased.

In a Community Savings and Lending group the value of a share can rise and fall based on member loans and fees.

In MiKashBoks you'll first set the Share Price and then choose how much each member can save during each meeting.

To see a brief video of this process check out:

In the above example, the Share Price is 10 Leones

Next you'll pick the total deposit due per member on each transaction date.

You have three choices:

  1. Any amount: each member can contribute any amount to savings, even zero, remember, the app will track what each member contributes, and then their corresponding shares

  2. A flat amount: each member will contribute the same amount each meeting with missed contributions tracked as money owed - in this scenario, you must pick a factor of the share rate - for example, 10, 20, 30, etc.

  3. A range: you will set a range as a factor of the share rate that contributions must fall within, for example, 10 NLe to 40 NLe. A member can contribute any whole amount within the range.

The Social Fund operates under the same rules, instead of setting a Share Price you only set how much is due per member each week.

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