Cirva

Cirva is for market associations, family groups, office cooperatives and friends who save together, and for anyone who runs a savings circle or leads a cooperative. Admins create a circle or cooperative and set the contribution amount, frequency, join rules and payout order. There are four payout modes: rotational, locked pool, milestone and bidding. Group tools cover reminders, penalties, default tracking, roles, approvals, audit logs, group loans with repayment schedules, and cooperative dividends and share purchases.

Cirva also runs its own groups that anyone can join. Cirva circles are rotating circles with priced positions. Savings boxes collect fixed savings that everyone receives on one date, less a 1–2% keeper fee. Cirva cooperatives let members borrow up to twice their savings and share the surplus from loan interest. Each user gets a wallet with an account number, free transfers to other Cirva users, bank transfers, airtime, data, power and TV bill payments, savings plans and a trust score. Verification tiers based on BVN or NIN set the account limits. Money moves over verified bank rails, and sensitive data is encrypted.