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What is the Trugo App about?
The app is an informal financial arrangement where a group of individuals comes together to pool money and take turns receiving a lump sum
How does it work?
Members contribute a fixed amount of money regularly, and each member takes turns receiving the lump sum. The cycle continues until each member has received their payout.
What is the purpose?
The purpose is to provide a source of financial support for members. It can be used for personal expenses, investments, or other agreed-upon purposes.
How do I join?
For group savings, express your interest to the group, and if there is an opening, you may be invited to become a member. Membership criteria and rules vary, so inquire about the specific requirements. For personal savings, all you need to do is sign ...
What is the contribution amount, and how often do I need to contribute?
The contribution amount is a fixed sum that each member contributes regularly. The frequency can be weekly, bi-weekly, or monthly, depending on the rules.