EsuFi is a collaborative savings platform that brings the traditional "Esusu" or "Susu" savings method into the digital age. It allows groups of people to pool their money together and take turns receiving the collected funds, providing a structured way to save and access larger sums of money without formal bank loans.

Creating a savings group on EsuFi is easy:

1. Click the "Create New Group" button on your dashboard
2. Fill in the group details including name, contribution amount, and frequency
3. Add members by entering their email addresses
4. Configure group settings such as payment schedule and policies
5. Review the details and create your group
6. Share the invitation link with potential members

Funds are distributed according to the payment schedule chosen by the group creator. There are three main options:

• Random Allocation: The order is randomly determined at the start of the cycle
• Fixed Order: Members receive funds in a predetermined sequence
• Bidding System: Members bid to determine their position in the payout schedule

When it's a member's turn to receive funds, the pooled contributions are transferred to their EsuFi wallet, and they can then withdraw to their linked bank account or card.

EsuFi prioritizes the security of your funds:

• All contributions are held in secure escrow accounts
• We use bank-grade encryption for all transactions
• Group rules and payment schedules are enforced through smart contracts
• Late payment policies and exit rules help protect members from default
• Verification processes help ensure trustworthy group membership

While no system is entirely risk-free, EsuFi implements multiple safeguards to protect your savings and provide transparency throughout the saving cycle.

EsuFi has several mechanisms to handle missed contributions:

• Automated payment reminders are sent before due dates
• Late payment policies apply penalties as defined in the group settings
• Group administrators can send direct reminders to members
• If a member has already received their payout and fails to continue contributing, collection procedures can be initiated
• Members who consistently miss payments may be removed from future cycles

The specific consequences for missed payments are determined by the group's exit policy and late payment rules, which are established when the group is created.