1.1 Eligibility

• Must be 18 years or older. Registration of child by parent or sibling is acceptable.
• Must present valid identification (e.g., National ID, Passport).
• Must agree to the Fund’s Terms and Policy.
• Must commit to a minimum monthly equity contribution.

1.2 Application Process

• Online registration via the platform.
• Review by directors (usually within 7 working days).
• Upon approval, the applicant becomes a shareholder with rights and obligations.

1.3 Minimum Entry Contribution

• PGK 100 is required to activate the shareholder account.

2.1 Monthly Contributions

• Minimum: PGK 20
• Maximum: No limit
• Must be paid via bank deposit or transfer.
• Amount added to equity will be balance of any loan arrears.
• Must upload proof of payment for contributions on equity upload form

2.2 Contribution Modes

• One-time payments
• Recurring debit authorization (recommended)
• Lump sum top-ups for increased equity value

2.3 Missed Contributions

• A grace period of 30 days applies.
• After 60 days: Account marked dormant.
• After 90 days: Suspension of benefits and loan access until reactivation.

2.4 Contribution Statements

• Real-time updates in shareholder dashboard
• Monthly summary by email
• Quarterly performance review downloadable from dashboard.

3.1 Conditions

• Shareholding must be held for a minimum of 12 months.
• Shareholder must not have any active loan balance.

3.2 Limits

• Max 50% of total equity per 6-month cycle.
• Minimum PGK 1,000 must remain in account to retain shareholding status.

3.3 Processing

• Submit request via dashboard
• 15-day notice
• Review by Directors
• Processed within 7 working days

3.4 Under 18

• Dividend or Equity Withdrawls are not allowed for children under 18 that may be registered by Parents or Guardians. Software is programmed to automatically use all returns for share(s) repurchase for those under 18 until they turn 18.

4.1 Eligibility Criteria

• Active status for minimum 3 months
• Minimum equity: PGK 300
• Clean repayment history or no current outstanding loan

4.2 Loan Types & Terms

4.3 Repayment

• Monthly automatic deduction
• Early repayment allowed with no penalty
• Missed payments incur PGK 5 late fee
• Consecutive missed repayments up to 1 year will result in shares being listed for sales to recover total owing after equity cancellation.
• For Accrual Loans, 50% of repayment credit is credited back to respective Accrual Account as and when payments happen to help Shareholder maintain a certain level of eligibility for particular accrual account at all times.

4.4 Guarantorship(Referal Loans)

• Shareholders may act as guarantors for other non-listed relationships and be entitled to 10% referral commission on interest generate from respective loan.
• Guarantors are liable if borrower defaults after 90 days.

• A shareholder places registered clients into low-interest classification groups from their own dashboard. Each group carries its own interest rate and its own quota — the number of clients a shareholder may place in it — both set by the Fund and revisable by the board.
• The groups are: Next of Kin, Nuclear Family, Extended Family, Friends and Circle.
• Relationships must be verified via birth/marriage certificate or legal affidavit.
• The interest rate applied to a loan is the rate in force for that client's group at the time the loan is approved.
• Total limit: 2x nominating shareholder’s equity for a single loan. All relationship loans must be within 10x nominating shareholder’s equity, if exceeded, loan interest can be subject to normal rates.
• A client placed in one of these groups does not attract referral commission for the nominating shareholder: the reduced interest rate is the benefit. Commission is earned on referred borrowers who are outside every group. (The Fund may elect to allow both; the setting in force is applied at distribution.)

6.1 Sources of Profit

• Interest generated from loans. Refer to Income Distribution.
• Penalty fees and service charges
• Investment income

6.2 Distribution Schedule

• Quarterly disbursement
• Based on proportion of shareholder’s shares
• Credited to shareholder wallet

6.2 Dividend Policy

• Proceeds from interest, penalties, and investment returns are classified as dividends.
• Dividends are distributed at the end of loan completions, investment payouts, or upon realization of capital gains.
• 50% of the dividend from investment payouts or capital gains is automatically withheld and reinvested as equity, increasing the shareholder's accruals and equity value proportionally.
• The remaining 50% is distributed as a cash dividend and is credited to the shareholder's wallet, visible on the returns dashboard.
• Shareholders have the option to withdraw their cash dividends, subject to a limit of one withdrawal per fortnight, or reinvest them as additional equity to increase their shareholding.
• Dividend reinvestment is encouraged to maximize long-term equity growth and shareholding benefits.
• All dividend transactions are logged and accessible via the shareholder's transaction history for transparency and record-keeping.
• Dividend distribution schedules and amounts are subject to approval by the board of directors and are communicated to shareholders in advance.
• Dividend or Equity Withdrawls are not allowed for children under 18 that may be registered by Parents or Guardians. Software is programmed to automatically use all returns for share(s) repurchase for those under 18 until they turn 18.

6.3 Taxation

• All dividends are subject to applicable withholding tax as per local regulations.
• Shareholders are responsible for declaring and paying any additional taxes on their earnings.
• The fund will provide annual tax statements for shareholder reference.

6.4 Net Asset Value Calculation

• Net Asset Value (NAV) is calculated monthly based on total fund assets, mosty equity contributions, minus liabilities.
• NAV per share is determined by dividing the NAV by the total number of outstanding shares.
• Shareholders can view the NAV and their proportional equity value in the dashboard.

7.1 Shareholders

• Access to real-time dashboards
• Participation in AGMs
• Voting rights on major resolutions (min. PGK 2,000 equity)
• Right to propose policy changes or audit reviews
• Right to nominate for directorship (min. PGK 5,000 equity)

7.2 Shareholding

• The Fund holds a stake in itself, built from 10% of the income that would otherwise be distributed. The Fund buys those shares at the same price shareholders pay — it is not issued free shares.
• This matters to every shareholder: your equity is never diluted to fund the Fund's stake. A contribution of K1,000 buys K1,000 of shares. The Fund's holding grows only as the Fund actually earns.
• The remaining income is distributed among shareholders depending on respective shares
• Shares distribution is automatic depending on equity changes
• Shareholders will receive notifications of any changes in their equity status and changes in shares.
• Shares can be increased by reinvesting dividends.
• Shares can be sold to other shareholders or new investors.

8.1 Fund Management

• Managed by a board of 9 directors
• Directors serve 2-year terms
• Decisions require at least 5/9 majority

8.2 Accountability

• Monthly financial reporting
• Quarterly stakeholder updates
• Annual external audit

8.3 Conflict of Interest

• Directors must declare conflicts.
• Transactions with directors or their businesses must be pre-approved and transparent.

8.4 Director Functions and Compensation

• Directors are responsible for strategic decision-making and policy implementation.
• They oversee fund operations, ensuring compliance with regulations and policies.
• The Directors are Signatories to all bank accounts along with the Managing Director
• Directors are reponsibile for the creating and defining functions for any committee. For instance, an Investment Committee
• Directors are required to attend all board meetings and AGMs unless excused for valid reasons.
• Reimbursement for expenses incurred during official duties, such as travel and accommodation, is provided.
• Directors must maintain confidentiality and act in the best interest of the fund and its shareholders.
• Compensation includes a fixed monthly stipend and performance-based bonuses, subject to shareholder approval.
• Monthly Stipend: PGK 0.00. 50% paid as cash and 50% as equity.

• External audit annually
• Mid-year internal audit
• Shareholder funds are kept in separate corporate accounts. Balances will be reported, statements uploaded and sent to each shareholder at end of every month.
• All transactions are traceable and digitally logged

• Two-factor authentication for logins
• All financial data encrypted in transit and at rest
• Daily data backups
• Full GDPR-compliant data policies

11.1 Voluntary Exit

• 60-day notice
• Final equity refunded after deduction of liabilities
• Exit report issued

11.2 Forced Termination

• Grounds: Fraud, inactivity, or policy breach
• Equity may be frozen pending investigation
• Legal recovery pursued if necessary

• Shareholders must nominate the next of kin by updating through dashboard. This list automatically becomes the beneficiary list. Changes to Next of kin will take effect upon approval
• Equity and rights transferred upon verified death certificate
• Beneficiary must accept terms and complete onboarding

• Policies may be updated annually at the AGM
• Emergency changes may be made with director consensus and 14-day notice to shareholders
• Shareholders may vote to reject amendments at the next AGM