No. Members contribute and take turns receiving the full amount.

Yes, WeSpare is a regulated entity operating both in Nigeria and Canada as a Money Service Business no C100000437. In Nigeria, all funds are stored with our partner Anchor, a CBN-licensed and NDIC-insured microfinance bank. No individual holds the group money.

Can my payout be delayed?

No. Your payout date stays fixed once you join.

What happens if someone misses payment?

The system covers missed payments, so your date does not move.

How are fees charged?

Fees are spread across your contributions up to your payout month. You see the full breakdown before joining.

Is this interest-based?

No. Contributions are structured savings, not interest or loans.

You can choose an earlier payout slot if available.

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A better way to save and access funds at 0% interest

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