1
Form your group
!NXA plans to let members create a virtual savings group so they can save collectively toward a shared financial goal.
How it worksHow group savings work
!NXA plans to help groups save together: form a virtual group, manage contributions, track progress, and organise member payouts.
Strong groups
Shared goals
How it works
A planned path for groups to save and work toward shared goals.
2
Agree on contributions and goals
Members agree on a savings goal and how they will contribute. The planned platform is intended to help the group manage those contributions.
3
Record contributions and track progress
!NXA plans to record group contributions and show progress toward the shared goal, helping members see how their savings are growing.
4
Manage group disbursements
Planned disbursement tools would help a group manage its saved funds and record payouts to members. The process and availability need !NXA's confirmation.
!NXA also plans financial education and features that may help members build creditworthiness through consistent saving. Credit access is not guaranteed; contact !NXA to confirm which services are available.
Good group rules make a stronger tomorrow.
Set clear agreements at the start to keep your group organised and on track.
Contributions
Agree on the amount, how often members contribute and for how long.
Responsibilities
Agree on roles such as group leader, record keeper and how decisions will be made.
Payout arrangements
Decide when and how funds will be disbursed, for example, to individual members or for agreed group purposes.
Missed contributions
Agree in advance how to handle missed contributions so the group can stay fair and strong.
Frequently asked questions
Quick answers to common questions about how !NXA works.
What is !NXA?
!NXA is developing a digital platform for group savings, with a focus on people in Namibia’s informal sector who have limited access to traditional banking.
Who can use !NXA?
!NXA is intended for informal workers, micro-entrepreneurs, women entrepreneurs, and community groups in Namibia. !NXA must confirm current eligibility and availability.
What can our group save for?
The plan centres on shared financial goals, including saving for group needs and future investment objectives. Members decide their own goal together.
How do we set group rules?
Before saving, members should agree on their goal, contribution amounts, record keeping, and how group funds will be paid out. These are group decisions, not fixed !NXA rules.
How are contributions recorded?
!NXA plans tools for recording contributions and tracking progress toward a shared goal. Ask !NXA which tracking features are available now.
How do group disbursements work?
!NXA plans disbursement tools to help groups manage saved funds and payouts to members. !NXA needs to confirm the live process and availability.
Ready to start your group’s journey?
Ask !NXA which group savings features are currently available and how your group can get started.
