Carbon Circles

Carbon Circles

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.

    • Related Articles

    • Where do I go to join a Circle and/or see information about the Circles I have joined?

      You can reach your Circles dashboard by clicking the Quick Access icon on the Carbon app or in the Payments section from the bottom panel. If you have already joined a Circle, you will be taken to the Circles dashboard where you can: See the status ...

    • I don’t understand the Circles product. What is a Circle? How does it work?

      We have taken the well-known offline format of Ajo and brought it up to date in a digital - safe and secure way of saving. Digital Circles bring people together to reach their financial goals faster. Everyone contributes the same amount each month. ...

    • When will I be drawn on Carbon Circle?

      Every month on the 7th of the month it's Draw Day at Carbon HQ. One member of each Circle is selected at random from those who are eligible to be awarded the Draw Total. There is no guarantee of when you will be drawn during the duration of the ...

    • Why should I join a Carbon Circle?

      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 Ajo, but this digital version takes the hassle out of organizing a group yourself, dealing with ...

    • Carbon Express

      Carbon Express is a keyboard-based solution that allows you to enjoy instant financial services like fund transfers, airtime, and bills payments within any conversation on your mobile device without having to leave your chat or launch another app. It ...