How does the draw work - Draw logic

How does the draw work - Draw logic

  1. Random draw among eligible participants in each Circle.

  2. Eligibility: All participants who are up to date with their payments and have not already been drawn are eligible to be drawn

    • Related Articles

    • What is Draw day? How does it work?

      This is the exciting bit! Every month on the 7th of the month it's Draw Day at Carbon HQ. One Member of each Circle is selected at random to be awarded the Total contribution. You will be sent an email to check their customer dashboard. How does the ...

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

      Overview Carbon Circles is a digital ajo that helps you reach your financial goals faster where everyone contributes the same amount each month. Every month one person in the Circle is awarded the total. Everyone continues to contribute the same ...

    • I don’t know my BVN. How do I check my BVN?

      To retrieve your Bank Verification Number (BVN), follow these steps: Dial *565*0# on the phone number linked to your BVN. Enter your date of birth when prompted View your BVN on your phone screen. Note: A service fee of ₦20 will be charged by your ...

    • What if my loan isn’t approved? Do I get a refund?

      If your loan is not approved, the application fee is not refundable as stated on the app. The fee covers the work involved in reviewing every application—such as fraud checks, credit verification, and data security measures. Once we run the numbers, ...

    • I’ve been drawn today, when will I get my money?

      Congratulations on being drawn! After the draw day happens on the 7th day, the payout happens on the 8th of the month and they will be automatically deposited into your account.