Money Fellows is a collaborative Group Lending and Savings Platform. It is a trusted and more convenient way of finding and managing Money Circles online, by digitizing the traditional, informal offline ROSCA (Rotating Savings and Credit Association) Model, allowing users to meet their financial and saving needs. ROSCAs are found in over 90 countries worldwide, with a variety of names, such as 'Gam’eya' in the Arab World, 'Chit Funds' in India, 'Tandas' in Mexico and 'Committees' in Pakistan. Money Fellows combines Saving and Credit by establishing Money Circles for users to participate in: 1 - Based on a user’s Money Fellows Credit Score they can search and find a suitable Money Circle to join. 2 - The Money Circle begins and all users pay a matching monthly installment, for a pre-defined number of months, placed in a common pot. 3 - Each month, one member receives the total money in the common pot, until all members have received their Payout once, ending the Money Circle. For thousands of years, people have participated in offline Money Circles in the same way, facing a great number of difficulties and limitations. Money Fellows digitizes the ROSCA model, making it more convenient, secure, manageable and automated. Users can always find available Money Circles without being limited to their social network or geographic location and with a much larger variety of Payout dates and amounts. Money Fellows users can benefit from some of the following features: - Flexible payment options (Credit Card– Salary Deduction – Direct Debit – Fawry Payments – Cash Collection). - Guaranteed Payout dates and amounts. - Secure Money Circles, users always receive 100% of their Payout, even if other members of the circle are late or miss payments. - Smart Credit Scoring System, where users continuously build up their score to unlock higher Payouts. - A variety of benefits for employees of our corporate partners. Download the Money Fellows app and try it out now!