Wafir — Group Savings

By Materials Nation Inc on AppTrack Ninja.

Group savings, structured

Wafir brings the jam'iya — the group savings circle Qatari households have run for generations — into one clear digital journey. You join a circle. You contribute a fixed amount each month. On your agreed turn, you receive the circle payout. When the last member has received, the circle is complete. HOW A CIRCLE WORKS Six members. QAR 1,500 each month. A circle valued at QAR 9,000. Each month, five members contribute QAR 1,500, creating a payout of QAR 7,500. When your turn arrives you receive QAR 7,500 and do not make your contribution that month. Across the full cycle you contribute QAR 7,5…

Categories: Finance, Lifestyle

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