Savings Circle Tanda by Yahoo Finance

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patelbhavesh
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Savings Circle Tanda by Yahoo Finance

Post by patelbhavesh » Fri Jan 19, 2018 1:06 pm

https://play.google.com/store/apps/deta ... anda&hl=en
Introducing Tanda by Yahoo Finance, the new app that helps you save for the things you want with the help of a trusted community. Tanda members join a savings circle of five (or nine) people. Each circle member contributes a set amount of money into the shared pool with one member then taking the full amount. This repeats over time until everyone in the circle receives a payout. And Tanda gives you peace of mind. If someone in your circle stops contributing, we’ll step in and cover their contributions.

So is it fair to say , the first person gets a loan at 8% and second person at 7% and the last person makes 2% interest ?

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