Inovis Finance is a shareholder-owned equity and loan fund. Members contribute equity, the fund lends that pooled capital, and the income the lending generates flows back to the members who own it.

Two things make it different from an ordinary savings account. First, you are an owner, not a depositor — your stake grows as the fund grows, not at a fixed rate someone sets for you. Second, the fund is built so that you can live off what your wealth earns without spending the wealth itself. That is the idea behind the slogan Live Now.

The fund does not track what you put in as a running Kina balance. It issues you shares, the same way a mutual fund does. This is the single most important concept to understand, because everything else follows from it.

The fund's Net Asset Value (NAV) is what it owns minus what it owes. Divide that by the number of shares in issue and you get the share price:

When you contribute, you buy shares at the price on that day. As the fund earns, the NAV rises, so every existing share becomes worth more. Members who joined earlier are rewarded for the time their capital was at work, and a member joining later is not handed a share of growth they were not part of. Nobody is diluted by a new member joining, because that member pays the current price.

The worked example — three founding members, the fund doubling, a fourth member joining at the higher price — is set out in the Shareholding Determination Guide.

You register online, and the directors review the application. On approval you become a shareholder with the rights and obligations set out in the Fund Policy. There is a minimum contribution to activate the account and a minimum ongoing monthly contribution — the current figures are in the Fund Policy, section 1.

Contributions can be one-off, recurring, or lump-sum top-ups. Every contribution is evidenced by proof of payment, reviewed, and then recorded to the share register as a dated entry — not simply added to a number. Missed contributions have defined consequences (dormancy, then suspension of benefits) rather than being handled case by case.

The pooled equity is lent — to shareholders, to their registered next of kin at preferential rates, and to referred borrowers. The interest those loans generate is the fund's primary income, alongside fees and investment returns.

Every borrower is credit-assessed through the Dinau Control Centre (DCC), the shared credit database, before a loan is approved. Protecting the loan book protects the equity, because the loan book is the members' equity at work.

When a loan completes, the interest it earned is split by a fixed, published formula — not at anyone's discretion. Part is set aside as referral commission, part covers operating costs, part is retained to fund future lending, and the remainder is distributed to shareholders.

Your slice of that distribution is strictly proportional to your shareholding. It arrives in two forms:

• Equity — reinvested on your behalf, buying you more shares at the current price and permanently increasing your stake.
• Dividend — credited to your wallet, which you may withdraw or convert back into equity.

The exact percentages at every step, and the arithmetic worked through end to end, are in the Income Distribution Guide.

This is the mechanism behind Live Now, and it is the part most worth understanding properly.

A portion of the income the fund retains is allocated across 20 named accrual accounts held in your name — Housing, Rental, School Fee, Medical, Savings, Emergency, Investment, SME, Vehicle, Holiday, Insurance, Funeral, Gym, Christmas, Birthday, Spouse, Children, Church, Family and Other.

A balance in one of these accounts is an entitlement to borrow interest-free for that specific purpose. School fees come due, you draw on your School Fee accrual at 0% interest. The point is that you meet a real expense without selling your shares — so your ownership keeps compounding while you live off what it produces.

The allocation percentages are deliberately weighted by when demand actually occurs: Housing is the largest single allocation, and the seasonal accounts are sized so the fund holds enough cash when many members draw at once — Christmas and Holiday in December, School Fee and Children at the start of the school year.

When you repay an accrual loan, half the repayment is credited straight back to that account, so your eligibility rebuilds as you repay.

Borrowing entitlements are calculated from your equity and are checked automatically at application — the system will not accept an application that breaches your threshold, and it tells you the figure you must come under.

Personal, SME, emergency and accrual-backed lending each have their own limit, term and fee. Because these are the numbers most likely to be reviewed by the board, the authoritative table is kept in one place: section 4 of the Fund Policy. Your own current limits are shown on your dashboard whenever you start an application.

Shareholders and the people close to them are the fund's main borrowers. From your dashboard you place registered clients into low-interest classification groups, and they borrow at that group's rate rather than the standard one:

• Next of Kin
• Nuclear Family
• Extended Family
• Friends
• Circle

Each group carries its own interest rate and its own quota — how many clients you may place in it. Both are set by the fund and shown on your dashboard. A single relationship loan is capped at twice your equity, and everything you have introduced together at ten times it.

You may also refer borrowers who are not in any of your groups, and earn commission on the interest their loans generate. It is one or the other: a client inside a group already receives the benefit as a reduced rate, so no commission is paid on them.

The fund is managed by a board of 9 directors. Decisions that move money or change a member's standing are not taken by one person. They are raised as a resolution and must carry at least 5 of 9 votes in favour — one director, one vote.

This applies to admitting a shareholder, approving an equity contribution, approving a loan, authorising an expense, approving a withdrawal and declaring a dividend. The voting threshold in force when a resolution is opened is recorded onto that resolution, so changing the rule later can never retroactively carry or overturn a decision already in progress.

Directors serve fixed terms, must declare conflicts of interest, and are signatories to the fund's bank accounts alongside the Managing Director.

Transparency here means you can verify the numbers, not just be told them.

• Share register. Every movement in your shareholding is a dated ledger entry with a reason attached. Your balance is the sum of that ledger, and the fund reconciles the two continuously — a mismatch is raised, not absorbed.
• NAV history. Each recalculation is recorded with the shares in issue and the resulting share price, so the value of your holding at any past date can be reconstructed.
• Your dashboard. Contributions, shares held, ownership percentage, accrual balances, loan positions and dividends — updated as events happen.
• Statements and audit. Monthly statements, separate corporate bank accounts for member funds, an internal mid-year audit and an annual external audit.

Every financial transaction is digitally logged and traceable.

Equity withdrawal is possible once a minimum holding period has passed and you carry no active loan balance. Requests are submitted from your dashboard, subject to notice, and reviewed by the directors like any other resolution. A minimum balance must remain if you intend to keep your shareholding status.

On voluntary exit your equity is refunded after liabilities are deducted and an exit report is issued. In the event of death, equity and rights pass to your nominated next of kin — which is why the beneficiary list on your dashboard should be kept current. The conditions, notice periods and limits are in sections 3, 11 and 12 of the Fund Policy.