1. Join a Woveo Credit Group
Credit Groups are small communities within Woveo where members save together, build financial trust, and support each other.
These groups operate like a Rotating Savings and Credit Association (ROSCA):
Each member contributes a set amount (e.g., $100/month) over a set period (e.g., 12 months).
Every month, one member receives the pooled contributions, cycling through the group until every member has benefited once.
This approach helps members access lump sums of credit and build a savings discipline at the same time.
2. Be a Woveo Premium Member
Becoming a Premium Member unlocks additional financial benefits:
Access to the Woveo Cash Advance
Credit history building tools
Participation in multiple Woveo Groups
Group default protection
Premium membership is tied to your commitment to consistent saving and active participation across the platform.
3. Build Your Eligibility
Woveo tracks your group participation, focusing on:
Your saving habits
Successful contributions
Your reliability as a member
Your ongoing contribution history
There’s no credit score check. Instead, your behavior inside your Woveo community becomes your “credit file.”
To remain eligible, you must also be a member in good standing, with no outstanding debt to Woveo or to your Credit Group.
4. Request a Cash Advance
Once you’re eligible, you can request a Woveo Cash Advance:
Maximum amount: $250
Based on your active Credit Group participation
Limited to one cash advance at a time, regardless of how many Woveo Credit Groups you belong to.
This ensures the program remains fair, sustainable, and community-first.
5. Repay Automatically
Repayment is simple and transparent:
Structured through your ongoing savings and group contributions
Low service fees and affordable repayment terms
No hidden charges
You can also settle your balance at any time through:
E-transfer
Your Woveo Wallet
Early repayment is encouraged and gives you more financial flexibility within the platform.