Rotational Group Savings
Available now
Save a fixed amount with a group of ten, every period for the whole cycle, and collect the full group contribution when your turn comes.
SWM
Save together. Build together. Grow together.
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SWM runs rotational group savings — Ajo — on one controlled system. Every package below states what you contribute, what you collect at your turn and what SWM charges, before you join anything.
Available now
Save a fixed amount with a group of ten, every period for the whole cycle, and collect the full group contribution when your turn comes.
Available now
SWM’s thrift packages are these same rotational groups: the plans are named Monthly Thrift and Weekly Thrift, and they run on the terms set out below.
Coming soon
Set a personal savings goal and build toward it consistently. This is not running on the platform yet: no target can be opened and no money can be paid towards one.
Coming soon
Savings and financial arrangements for cooperatives and associations. No terms have been published yet, so nothing can be opened on the platform today.
Ten members, one amount, one cycle. Everybody contributes each period and one member collects the group contribution each period, until everyone has had their turn.
Management charge
3%
Late payment charge
5%
Registration charge
₦2,000
₦5,000,000
You can be in up to two rotational savings groups at the same time.
Whatever your target, SWM gives you a structured way to save consistently and work towards your financial goals.
With SWM, your money has a purpose.
Save With Meaning. Grow With Purpose. Build for Tomorrow.
₦500,000 is your contribution and ₦15,000 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦500,000 a month for 10 months, in a group of 10. You collect ₦5,000,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦500,000 a month for 10 months, in a group of 10. You collect ₦5,000,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
₦2,000,000
₦200,000 is your contribution and ₦6,000 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦200,000 a month for 10 months, in a group of 10. You collect ₦2,000,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦200,000 a month for 10 months, in a group of 10. You collect ₦2,000,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
₦1,000,000
₦100,000 is your contribution and ₦3,000 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦100,000 a month for 10 months, in a group of 10. You collect ₦1,000,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦100,000 a month for 10 months, in a group of 10. You collect ₦1,000,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
₦500,000
₦50,000 is your contribution and ₦1,500 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦50,000 a month for 10 months, in a group of 10. You collect ₦500,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦50,000 a month for 10 months, in a group of 10. You collect ₦500,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
₦200,000
₦20,000 is your contribution and ₦600 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦20,000 a month for 10 months, in a group of 10. You collect ₦200,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦20,000 a month for 10 months, in a group of 10. You collect ₦200,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
₦100,000
₦10,000 is your contribution and ₦300 is SWM’s management charge. They are always shown and recorded as two separate amounts.
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₦10,000 a month for 10 months, in a group of 10. You collect ₦100,000 at your turn. Contributions are paid between the 8th and the 12th, and payouts are disbursed on the 13th.
Month-End
₦10,000 a month for 10 months, in a group of 10. You collect ₦100,000 at your turn. Contributions are paid between the 24th and the 30th, and payouts are disbursed on the last day of the month.
| Package | Contribution | Cycle | Group size | You collect | With charge per contribution |
|---|---|---|---|---|---|
| SWM Titans | ₦500,000 | 10 | 10 | ₦5,000,000 | ₦515,000 |
| SWM Elites | ₦200,000 | 10 | 10 | ₦2,000,000 | ₦206,000 |
| SWM Achievers | ₦100,000 | 10 | 10 | ₦1,000,000 | ₦103,000 |
| SWM Builders | ₦50,000 | 10 | 10 | ₦500,000 | ₦51,500 |
| SWM Groovers | ₦20,000 | 10 | 10 | ₦200,000 | ₦20,600 |
| SWM Rising Stars | ₦10,000 | 10 | 10 | ₦100,000 | ₦10,300 |