A New Way To Reach Your Financial Aspiration
* To qualify, all participants in your pool must
(a) Pre-register by 1 Dec 2016 and
(b) Follow us on Linkedin or Like us Facebook
so spread the word and get started on organizing your social pool and get everyone Pre-register by 1 Dec 2016.
Start securing your financial future. Whether you are looking to invest in home ownership and equity, to start or grow a business, Knabu helps you connect to a funding pool to get you the money, when you need it, to take the first step toward that future.
Knabu combines the best of Osusu and social networking with the efficiency and ease of technology to help you access the capital you need to realize your financial goals.
Start securing your financial future. Whether you are looking to invest in home ownership and equity, to start or grow a business, Knabu helps you connect to a funding pool to get you the money, when you need it, to take the first step toward that future.
Knabu combines the best of Osusu and social networking with the efficiency and ease of technology to help you access the capital you need to realize your financial goals.
HOW IT WORKS
CONNECT & FORM YOUR POOLS
Get yourself and your friends registered on Knabu. When your are ready, start connecting to begin forming your pool.
SET UP YOUR POOL
Agree to monthly contribution amount and period (months) of the pool. Pool period must allow for each member to collect at least once.
COLLECT & CONTRIBUTE
Make your monthly contribution to the pool. You collect the pool money (less fees) on your month to collect based on the collection order.
Jim is ready to purchase his first home but needs cash for the downpayment.
Jim has $2,000₦200,000 but needs $8,000₦800,000. He is ready to contribute $1,000₦100,000 monthly to the pool.
Jim finds 10 friends who are willing to participate in a $1,000 ₦100,000 per month pool for 11 months.
Jim decides to deposit $2,000 ₦200,000 to the pool to improve his credit standing and move him up the order of collection.
Jim was successful and was first to collect. The net collection is $10,000₦1 million (less fees).
Jim now has raised sufficient funds for down payment and is on his way to home ownership. Quickly, easily and without a bank loan.