Step-by-step guide to creating and managing your first savings group
A savings group is a collaborative financial arrangement where members contribute regularly and take turns withdrawing the accumulated funds. This traditional savings method is now digitized and secured through Keepaa's platform.
From your dashboard, click the "Create Group" button or navigate to the Groups section and select "New Group".
Group Name: Choose a descriptive name that reflects the group's purpose (e.g., "Holiday Savings 2024", "Emergency Fund Group")
Description: Explain the group's goals and any specific rules or expectations
Target Amount: Set the total amount the group aims to save collectively
Contribution Frequency: Choose between weekly or monthly contributions
Contribution Amount: Set how much each member will contribute per cycle
Start Date: Select when the group will begin collecting contributions
Member Limit: Optionally set a maximum number of members
Admin Role: You'll automatically be the group admin with full management permissions
Invitations: After creation, you can invite members via email
Review all the information you've entered. Once you're satisfied, click "Create Group" to finalize your savings group.
1. Invite Members: Send invitations to friends, family, or colleagues you trust
2. Set Up Payments: Ensure all members have payment methods configured
3. Start Contributions: Begin the first contribution cycle on your start date
4. Monitor Progress: Track contributions and manage the group through your dashboard