How does Rotating Savings
A group of people pool recurring amounts over a specific time interval. The frequency of payment is at the discretion of the members. However, the most common frequency is monthly payments. For example, suppose there are 12 members each contributing £10 per month.
This means that total funds accumulated each month are £120, which will be paid to one member. The cycle will continue until each member has received collective funds for 12 months.