It is a structured community savings group where members contribute an agreed amount at regular intervals. Each contribution is securely recorded, and payouts are made according to the group’s agreed schedule. Lumeya simplifies the entire process by providing transparency, accurate record-keeping, and accountability for every member.
Ten members contribute $100 each week. Each week, one member receives a total payout of $1,000. This process continues until every member has received their payout.
Members contribute
$100 / week
One member receives
Every week, in turn
Lumeya helps coordinate group processes by providing tools for:
Important: Lumeya is a coordination and technology platform. Lumeya is not a bank and does not present itself as a financial institution.
Member tracking
Contribution records
Payout scheduling
Group reporting
Performance monitoring
Administrative support
