Let’s take a trip down memory lane! If you grew up in Nigeria, you probably remember hearing your parents talk about Ajo—that magical money pot everyone seemed excited about.
In my house, my mum and her friends gathered like a secret squad each month to see who was next to hit the jackpot. Back then, I didn’t get it, but now I see: Ajo wasn’t just about saving—it was about teamwork, trust, and hitting your financial goals together.
Ajo, Esusu, Adashe... whatever your family called it, the idea was simple: friends or family put in money every month, and one person got the whole pot. It was a lifeline! Whether it was school fees, fixing the car, or growing a business, that lump sum arrived right when you needed it.
I still remember my mum’s excitement when her turn came—it helped her expand her business without the headache of a high-interest loan. Now that’s what you call financial teamwork!
Circles
Carbon Circles is like Ajo, but with a digital edge. Instead of sitting around with a group of friends or family, debating who should be in the group, Circles brings the entire process online, making it simpler, safer, and more convenient. Back then, my mum had to physically meet with her group each month. With Circles, all of that is handled on a digital platform.
Here’s how it works: Just like in traditional Ajo, you join a group—a "circle"—and everyone in the group contributes a set amount of money monthly. At the end of each month, one member is randomly selected to receive the entire pot. The process continues until every member of the circle has been paid.
The best part? You don’t have to worry about handling cash, keeping track of who’s next, or wondering if the person collecting will follow through on their payments. Circles takes care of all that, giving you the community-driven benefits of Ajo, but with modern security and ease.
How Does Circles Work?
To get started with Circles, you first need to have a Carbon account. This ensures that your contributions and payouts are securely managed through the Carbon platform. Here’s a quick rundown of how Carbon Circles operate.
What is Prepayment
Prepayment essentially involves making two contributions at the beginning of your participation in Carbon Circles. The first contribution is your standard monthly payment, while the second serves as an advance payment for your final month in the Circle. This arrangement ensures that your final month's contribution is already covered, streamlining the process and maintaining your commitment throughout your time in the Circle.
How to Join Circles
Ready to save towards your goals with the help of a supportive community? Here's how to join a Carbon Circle:
- Open the Carbon App
- Explore Carbon Circles
- Set Up Your Circle
- Join a Circle
- Finalize Your Choice: Once you find the Circle that suits your savings plan, tap "Join" to lock in your spot. Now you’re ready to start your savings journey!
Imagine turning your monthly savings into a substantial payout—whether it’s for a new gadget, a vacation, or even just a rainy day. Joining a Carbon Circle is a fantastic way to achieve your financial goals while enjoying the thrill of a big payout.
Don’t miss out! The sooner you join, the sooner you could be receiving that exciting payout. Click here to join a Circle now and start your journey towards a brighter financial future!
