Payouts
are distributed according to the group's schedule, which is predetermined and
agreed upon by all members. Each member will receive their lump sum during
their designated turn.
The purpose of using the payout is typically defined by individual members. It may be for personal expenses, investments, or another agreed-upon purpose.
Leaving a contribution cycle prematurely may have consequences, depending on the group's rules. It's crucial to communicate with the group and discuss the situation openly.
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.
The termination process should be outlined in the group's rules. It may involve a unanimous decision, completion of the payout cycle, or another specified condition.
The order of payouts is often predetermined and may follow a rotation or another agreed-upon sequence. The specific method is outlined in the group’s rules.