Reserves & risk

Make assumptions visible. Plan safeguards before handling real member funds.

A reserve is not a guarantee

No reserve account is funded, member identity verified or regulatory approval claimed in this prototype. Labels are illustrative, not credit assessments.

Pool ledger capital

R 11 000,00

Not a custodial bank balance

Illustrative credit loss

R 50,00

2% of pooled commitments

Scenario reserve allocation

R 0,00

Calculated from positive net interest

Checklist reviewed

0 / 6

Self-reported planning only

Reserve categories

Separate purposes, separate records

Credit-loss reserve

Allocation from collected pooled net interest to absorb potential losses. It is not a guarantee of capital.

20% allocation assumption

Member payout liquidity

Plan liquidity and loan maturity for annual savings payouts. Lending-pool capital does not become savings.

No bank liquidity verified

Company operating buffer

Fund operating costs from subscriptions and legally permitted, disclosed fees, not from member balances.

Company funds remain separate

Before a real-world launch

South Africa · professional review required

Planning checklist

National Credit Act & NCRObtain advice on applicability, credit-provider registration, affordability assessments, disclosures and permitted interest and fees.POPIA & information governanceReview lawful processing, Information Officer registration, consent and notices, access controls, retention and incident response.Custody & payment arrangementsAgree safeguarded member-fund arrangements with a bank or regulated payment partner. Keep savings, pool capital and company money separate.Tax & financial reportingObtain professional advice on subscriptions, permitted fees, lender interest, pooled surplus, member reporting and tax obligations.Cooperative-finance requirementsConfirm whether the proposed structure falls within applicable cooperative financial institution or cooperative bank requirements.Member rules & lending agreementsDocument payout eligibility, maturity and liquidity, lender-owned interest, losses, approved pool costs, reserve allocation and complaints.

A checked item means reviewed by you, not approved by a regulator. Consult the NCR, Information Regulator, SARB/Prudential Authority and a South African tax adviser.