A group of people who agree to save a fixed amount on a fixed schedule and take turns receiving the pool. Known as Ajo in Nigeria, esusu in parts of West Africa, or ROSCA globally. CoSayv automates the rules so the tradition runs safely at scale.

A security deposit equal to your contribution amount. It is locked when you join a circle, automatically used if you miss a payment, and released back to you when the cycle completes.

You have a 24-hour grace period after the Last Day of Payment to still contribute. Pay within grace and your pre-fund is untouched. If you don’t, your pre-fund is automatically debited to cover your contribution and all members are notified.

1% on each rotational payout — on a ₦50,000 payout you receive ₦49,500. Target circles charge a one-time 0.5% fee at withdrawal. For split payouts, each user pays 1% on their own share only.

It starts at 50 and changes with real behavior: KYC adds +100, on-time payments add +5, payment streaks +10, completed cycles +20. Missed payments, un-refunded pre-funds, and strikes reduce it. The max is 850.

Only if you haven’t received a payout yet. Give a minimum of 72 hours’ notice, and it can’t be close to a payout date. The group fills your position from the waiting pool, and the payout at that position is split fairly between you and your replacement.

5 consecutive missed deadlines = 1 strike. 3 strikes = a 6-month ban and your score resets to zero. If you’re active in a circle when banned, the ban waits until your cycle completes. You can petition to pay a $100 fine to end a ban early; a second ban is permanent.

The United States, Canada, the United Kingdom, and Nigeria. You must be 18 or older and resident in one of these countries to use CoSayv.