Chama Plan

Chama contribution and payout calendar

Plan a merry-go-round: who pays, who receives, and on which date. Optional welfare is taken off the top of each contribution before the pot is shared.

This is a schedule, not legal or investment advice. It models a rotating savings club (ROSCA). It does not apply a government rate, and it does not track table-banking interest or loans unless you keep those records yourselves.

Leave at 0 if the whole contribution goes into the rotating pot.

How the calendar is worked out

In a merry-go-round with N members, everyone contributes the same amount C at each meeting. If you set a welfare percentage W, each person first sets aside C × W/100, and the remainder goes into the pot. The member whose turn it is receives N times that remainder. After one full round, each member has paid N times and received the pot once. Extra rounds repeat the same order.

Dates advance by one week or one calendar month from the first meeting date. There is no official chama interest rate or statutory payout formula — the arithmetic is the group’s own rules.

Disclaimer

Chama Plan is a free scheduling tool. It is not a bank, sacco or investment product, and it does not collect member data beyond what you type in this browser. Keep your own minutes and receipts.