Fund safety summary
Creators can review supporter terms before accepting. Supporters' money is held until collection.
Best use case
Use Funds for clear goals: shop restock, equipment, education, business ideas, or urgent family needs.
Trust reminder
Accepted offers create return commitments and affect trust history if missed.
What are Funds?
A Fund is a community-backed goal. Instead of one person covering the full amount, multiple supporters back a piece of it — each with clear return terms. When enough supporters have committed and you are ready, you collect the accepted amount into your wallet.
After collection, you complete returns on a set schedule (weekly, bi-weekly, or monthly). Each backer earns returns proportional to their share — automatically distributed when you make a payment.
Set a goal
Choose how much you need, how long you need it, and when you'll complete returns.
Backers commit
Supporters back your Fund at rates they choose. Their funds are held — but not yet debited.
Collect & complete returns
When ready, collect everything at once. Pay returns on your agreed schedule.
How It Works — Full Flow
From creation to final complete returnsment:
You create a Fund
Set your goal amount, returns frequency (weekly/bi-weekly/monthly), and duration. The Fund goes live for 30 days — any supporter on the platform can see and back it.
Supporters submit offers
Each backer chooses how much they want to contribute and the annual rate they want to earn. Their wallet balance is held immediately — but not debited yet.
You review & accept offers
You decide which offers to accept. You can accept all, some, or none. Declined offers are refunded instantly. You're not obligated to take offers you don't want.
Goal met — you collect
Once you've accepted enough offers to meet your goal (or you're happy with what you have), hit Collect. The full amount lands in your wallet at once. Backers' holds convert to real debits.
Returns schedule begins
A complete returnsment schedule is auto-generated based on your frequency and duration. Each instalment is split proportionally across all backers based on their share percentage.
You complete returns
On each due date, pay from your wallet. The system distributes each backer's portion automatically. Backers can track their returns from the Fund page.
Guide: Creating & Managing a Fund
Everything you need to know as the Fund owner:
Creating your Fund
Title & purpose
Write a clear title and explain exactly what the money is for. Supporters are more likely to back Funds with specific, credible purposes.
Goal amount
Set the total you need. You can collect before reaching 100% — the goal just indicates your target.
Frequency & duration
Choose how often you'll complete returns (weekly, bi-weekly, or monthly) and for how many months. This determines your complete returnsment schedule.
Post to Community+
Tick this to share your Fund on the public marketplace. More visibility means more potential backers. You can still use it privately within a Circle only.
Managing offers
| Action | What happens |
|---|---|
| Accept offer | The backer's hold converts. Their amount counts toward your goal. You can't reverse this — the backer can only exit if you cancel the Fund. |
| Decline offer | The backer's hold is released and their wallet is refunded immediately. They receive a notification. |
| Collect | Available once you have at least one accepted offer. All accepted amounts move to your wallet at once. The Fund goes Live and the complete returnsment schedule is created. |
| Extend deadline | If your 30-day funding window is closing and you want more time, you can extend once. All backers are notified. |
| Close Fund | If you no longer need the money, you can cancel the Fund while it's still open. All accepted and pending backers are refunded. This cannot be undone. |
Guide: Backing a Fund
How it works when you back someone else's Fund:
Browse open Funds
Open Funds appear on the Community+ marketplace under the Funds tab and on the dedicated Funds page. You can see the goal, progress, frequency, and duration before committing.
Submit your offer
Enter the amount you want to contribute and the annual rate you want to earn. There's no fixed rate — you set what you want. The fund creator can accept or decline.
Your wallet is held
As soon as you submit your offer, the amount is deducted from your wallet and placed on hold. It won't appear as available balance, but it also hasn't been sent anywhere yet.
Owner accepts — you're in
Once the fund creator accepts your offer, your contribution is locked in. You'll be notified when the Fund goes live after collection.
Track your returns
From the Fund page, you can see your exact share percentage, your rate, and a breakdown of each instalment — both the total due and your specific portion.
Rates & Returns
Each backer earns exactly the rate they set — calculated on their own contributed amount, not a blended average. The fund creator's total complete returnsment is the sum of each backer's individual amortized schedule.
Example — 12 months, monthly complete returnsments
| Concept | How it works |
|---|---|
| Annual rate (% p.a.) | Each backer sets their own annual percentage rate. Your interest is calculated on your contribution alone — not on the total Fund size or anyone else's rate. |
| Your exact returns | If you back ₦20,000 at 5% p.a. for 12 months, you earn ₦1,000 in interest — exactly 5% of your ₦20,000. Your rate is guaranteed regardless of what other backers set. |
| Share percentage | Your contribution divided by the total collected. Shown on the Fund for transparency — but your actual payout per instalment is your individual amortized amount, not a proportional slice of the fund creator's payment. |
| Weighted average rate | The blended rate across all backers — shown on the Fund for display purposes only. It does not affect what any individual backer earns. |
| Instalment distribution | Each time the fund creator makes a payment, each backer receives their exact individual instalment amount directly to their wallet — calculated from their own principal and rate. |
Wallet & Holds
Funds uses a hold system to reserve a backer's money without transferring it prematurely. Here's exactly what happens at each stage:
| Stage | Backer's wallet | Transaction type |
|---|---|---|
| Offer submitted | Amount deducted from available balance. Shown as "on hold" in transaction history. | fund_offer_hold |
| Offer declined by owner | Hold released. Full amount refunded to wallet immediately. | fund_offer_refund |
| Backer withdraws offer | Hold released. Full amount refunded to wallet immediately. | fund_offer_refund |
| Offer accepted, Fund collected | Hold released. Amount moves to Fund owner's wallet. Logged as backed. | fund_backed |
| Fund cancelled/expired | All holds released. All backers refunded immediately. | fund_offer_refund |
| Returns received | Each instalment payment credited to backer's wallet — each backer receives their exact individual amount based on their own rate. | fund_returns_received |
Fund Status Lifecycle
A Fund moves through these statuses:
| Status | Meaning | Backers can offer? |
|---|---|---|
| Open | Fund is live and accepting offers. Within the 30-day funding window. | Yes |
| Goal Met 🎯 | Accepted offers have reached or exceeded the goal. Owner can now collect. | Yes |
| Live 🚀 | Owner has collected. Complete Returnsments are now due on schedule. | No |
| Completed ✅ | All returns have been paid in full. Fund is closed successfully. | No |
| Cancelled | Closed by the owner before collection. All backers refunded. | No |
| Expired | The 30-day funding window passed without the owner collecting. All backers refunded automatically. | No |
Late Fees & Missed Commitments
Once a Fund is Live, complete returnsment obligations are real. Here's what happens when payments are missed:
Instalment overdue (day 1)
Instalment is marked overdue. The system logs the number of days overdue.
Late fee applied (day 3+)
After a 3-day grace period, a 1% late fee is applied to the overdue instalment amount.
Missed Commitment warning
At 7+ days overdue, the instalment is marked Missed Commitmented. All backers are notified.
Support Plan missed commitments
If any instalment is 7+ days unpaid, the entire Fund support plan is marked Missed Commitmented. This impacts the fund creator's trust score significantly.