Reap Goal: An Innovative Digital Approach To Group Savings
Reap Goal: An Innovative Digital Approach To Group Savings
People from various parts of the world, particularly Africa, come together to form a saving community. This practice has existed for a decade and is sometimes referred to as "unbanking." Reaprite has digitized this process by leveraging the existing group saving structure and enabling the digitally savvy population to participate in group saving.
Reaprite, https://www.reaprite.com, a digital savings and investment platform in the Fintech space, has introduced a new saving option called Reapgoal to encourage Nigerians to save even more. It reflects her vision of bringing Africans closer to financial independence.
The new saving option, Reapgoal, will encourage individuals and groups of individuals to set and easily achieve savings goals. Target's options offer a personal savings plan, and Reap Village offers a group savings plan with a ten percent annual interest rate. Reap Village is a cutting-edge digital collective saving option that enables individuals, friends, and even strangers to pool their resources and save for a common cause. On Reaprite, users can access this feature via the Web, iOS, or Android platforms.
The Need For Accountability in Savings
People desire assistance and accountability when it comes to saving for their future, which is why Reap Village exists. Additionally, we hear stories such as "I am unable to save alone," "I am inconsistent with my savings," and "I require assistance to stay on track." Reap Village is being developed with all of these concerns in mind and to assist you in staying on track. Savings durations range from short to long term and are flexible, allowing for customization, and accrue interest at a rate of 10% per year.
We frequently travel, spend time and money with friends. Why not pool our resources? as this can be an extremely effective method of achieving financial goals. Whether you're saving for a birthday celebration, destination wedding, home improvement project, or education, group saving is an efficient way to accomplish your goal.
Reaprite stated following the launch, "We are overjoyed to have successfully launched Reapgoal." As part of our unwavering commitment to providing superior financial services to our customers, this new product enables users to save for specific goals while earning a high rate of interest.”
Here Is How Reap Village Works
Since it is literally a village, it must have a King, Chief, and Kinsmen. The King establishes the Village, customizes it according to the short- to long-term financial goals he hopes the Village will accomplish within a specified time period and invites group members (Kinsmen) to join. They embark on a life-saving journey together.
Reap Village modifies the standard group saving method. In Reap Village, members save collectively but individually; no member receives the total contribution at the end of the month; instead, members take home only what they have saved during the Village's duration.
Second, members are free to leave the Village at any time and take their savings with them, but staying on track is critical because 10% interest is guaranteed on the capital saved.
Thirdly, after the saving circle, the King, as curator and leader of the Village, is awarded an additional 5% interest in the group's total interest. Bear in mind that anyone can create a village for free, and Kinsmen can track their saving activities and the Village's progress through their member profile.
To Get Started
Download the Reaprite app from the various app stores, create a free account, and invite your friends, family, and acquaintances to join you in saving. Together, you'll be on your way to financial stability and freedom.
REAPGOAL will provide the following benefits to users in exchange for their savings.
1. Competitive interest rate of 10% p.a.
2. There are no transaction fees.
3. Savings bonuses.
4. Users are ranked to motivate them to improve their performance.
5. Savings duration and purpose can be customized.
IT Courses and Certification
Fintech - Financial Technology Course and Certificate
E-Accounting Course and Certificate
Microsoft Excel Course and Certificate
Advanced Excel Course and Certificate
QuickBooks Course and Certificate
