Everything you need to know about CashFro and how it works.
CashFro is a digital money-pooling app that modernizes traditional Rotating Savings and Credit Associations (ROSCAs). It allows individuals to contribute to a shared fund with a trusted group and take turns receiving a lump sum payout.
You can join or create a money pool with friends, family, or community members. Each member contributes a fixed amount at regular intervals, and on a rotating basis, one member receives the full payout for that cycle.
CashFro provides access to funds without loans or interest, making it ideal for those with limited credit history. It fosters community-based savings and offers flexible participation options for group sizes, contribution amounts, and payout schedules.
Yes! CashFro employs secure payment processing and fraud protection to ensure safe transactions. Funds are held securely, and you participate with trusted groups, significantly reducing risk.
You can set your group size, contribution amount, payout order, and frequency. Group rules can be established with consensus from all members.
CashFro incorporates protective features including automated notifications and grace periods for overdue payments, alternative member choices to step in if someone fails to pay, and robust group guidelines to maintain dependability.
No! CashFro isn't a loan and doesn't necessitate a credit check. However, consistent involvement can enhance your financial habits and eventually aid in building your credit history.
CashFro is perfect for immigrants seeking alternative ways to save, small business owners requiring flexible cash flow, individuals saving for significant costs, and anyone in need of a community-focused financial option.
Download the CashFro app from Google play or Apple app store, register and verify your identity, join or start a savings group, invite friends or family to join, and start saving.