What is a Woveo Credit Group?
A Woveo Credit Group allows trusted members of a community to contribute a fixed amount (weekly or bi-weekly) to a common pool. This pool is then lent out to members on a rotating schedule, giving each person access to real-time, affordable capital.
Verified vs. Unverified Communities
Category | Verified Community | Unverified Community |
Access to Secured Groups | ✅ Yes | ❌ No |
Payout protection | ✅ Woveo provides payout protection | ❌ Self-managed |
Platform Support | ✅ Dedicated tools, reports, and resources | ✅ Basic functionality |
Verification Process | Business KYB check + admin onboarding | Open to members |
Pricing | Monthly platform/portal fee applies | No monthly fees |
What Are Secured Credit Groups?
Secured groups are a Woveo Premium feature available only to verified communities. These groups come with payout protection, ensuring the scheduled member receives their full payout, even if another member misses or delays a contribution.
Why Become Verified?
✅ Offer insured payouts to your members
✅ Build credibility and trust
✅ Qualify for deeper Woveo support and analytics
✅ Support members with time-sensitive needs
💡 Interested in becoming a verified community and offering secured groups?