Who are we?

Pounds Inn is a Social Saving Club which allows families and friends from our community to save together with aim to encourage savings and allow access to credit and create generational wealth.

The savings are made into different schemes: Saving scheme, Rotation scheme, Credit scheme and Investment Scheme

Saving Scheme

This Scheme allows people to save together, share a common pond (basket), with the possibility to make the habit of saving a something new, or boost the habit, then becoming a routine therefore increase savings and improve family lives
In this scheme, a group of members can set a target amount they want to save between them, e.g.: holiday trip, saving for a birthday party, etc.…

Rotating Scheme

This Scheme allows members to save a regular sum of money, then take turns in withdrawing the saved money in a regular intervals until every member has taken part in draw.

In general there is no interest or a way of getting more that you contributed “CETERIS PARIBUS ” all other things being equal” What you put is what you get.

How does it work?

We encourage to deposit a regular sum of money over a fixed interval through with Pounds Inn. Each member in the group will take a turn in withdrawing that money

Example:
if 10 members of Pounds Inn pay in £10 each week, over the next ten weeks each week the Pounds Inn will pay £100 (the draw) to one member. This is done each week until every member has taken part in a draw.

How much Can I deposit?

As a member you’ll have the freedom to choose among one or more rotating scheme of:

£100

£200

£300

Credit/Lending Scheme

This Pounds Inn scheme grants members’ small loans to members, to meet:

  • Their short-term financial needs
  • Support them in starting and managing small income-generating activities.

It is a pro-rata system, according to the available funds in the common pond (common basket), repayable in time frame defined in Pounds Inn Scheme.

This scheme, is only available to members that have been making regular savings for more than 12 months.

Investment Scheme

This Pounds Inn scheme allows members to save collectively towards a project they want to invest in

Members will save regularly for a given capital and once this amount is reached, the saved amount will be investment in the project.