Begin by creating an account on MoneyPools. During the sign-up process, a soft credit check will be performed to assess your eligibility. Following this, you will receive a selection of pools available for you to join, with detailed service fees for each payout sequence. While you might not be eligible for the first payout, the service ensures that everyone is accommodated.
Once you're part of a pool, contribute your monthly share. Every month, one member of the pool is selected to receive the collective contribution, less any applicable MoneyPools service fees. This process ensures that each member receives a significant sum once during the cycle.
Use your payout for whatever financial goal you have in mind, be it debt repayment, investment, or saving for a special purpose. After receiving your payout, continue contributing to the pool until all members have received their share. This cycle fosters a sense of community and mutual financial support.
Our service facilitates creditworthiness enhancement by reporting your payments to credit assessment agencies.
Through insurance, MoneyPools rejuvenates age-old peer lending for today’s needs.”
MoneyPools champions the cause of financial inclusion by offering community-driven financial tools that empower underrepresented groups
Is to offer a secure interest-free, community-driven financial platform, fostering inclusive and collaborative saving and borrowing practices.
Initially, MoneyPools is rolling out its platform exclusively for full-time employees, aiming to secure an insurance policy that safeguards against member payment defaults. This approach is designed as a foundational step towards ultimately extending our services to a wider demographic.
Our team is working hard to build something you'll love.
Join us and be the first to try our product.
