What is Carbon Circles?
Carbon Circles is a digitized monthly contribution otherwise known as Esusu or Ajo. It allows you save funds monthly and you are matched with different people who also have the same financial goal as you. On the 7th day of every month, one person from the circle is randomly picked and get credited. This happens every month until everyone in the circle has been credited.
Why should i join a Carbon Circle?
90% of our customers will get their money faster compared to saving alone, and research shows that people who save in groups are 300% more likely to hit their goal than those who save alone.
* You might be familiar with offline Circles, but this digital version takes the hassle out of organizing and administering a Circle yourself, dealing with payments and chasing people who do not pay.
* Carbon guarantees that as long as you make your payments, you will receive the full draw.
* Fees are low compared to loans and credit card products. Fees are just 5% on 10 months of payments compared to higher interest rates on our loan products.
* Circles help build positive money habits. Saving in a community every month is a great way to begin and maintain a good relationship with money.
* It's easier for us to match you to people with the same reason for saving or monetary goal because of the large numbers of people joining. It would be much harder for you to find people who have exactly the same goals as you.
* We hold the money safely in the bank before it is transferred out to customers.
* You have access to the group buying discounts with our partners that we have curated specifically for you and your reason for saving.
* You have a customer success team to support you on your savings journey and answer your questions.