Ajo (also called esusu, or a stokvel in South Africa) works on trust: everyone puts in the same amount, and each round one person takes the whole pot. The hard part is the admin: chasing contributions, remembering whose turn it is, and holding everyone’s money. Oremi does that part for you.
How to start an ajo circle
- Tell Oremi “start an ajo”, or tap Ajo under Money in the menu.
- Name your circle and choose how much each person puts in.
- Pick how often: daily, weekly or monthly.
- Add the people in your circle. Oremi sets the payout order and shows who collects first.
What Oremi handles
- Reminders before each contribution is due.
- Collecting from every member and paying the pot to whoever’s turn it is.
- A clear record of who has paid and who has collected.
Running it for others?
If you organise the circle, you can set a small organiser fee, shown to everyone before they join.
Saving for one goal instead?
Use a money pool: everyone chips in toward one target, like a wedding gift or a group trip, and the total is visible to all.