Back to Help Center
Getting StartedLast updated: 2026-03-01

How to Create Your First Fund

Learn how to set up a new sinking fund with members, contribution schedules, and configuration options.

Creating a Fund

To create a new sinking fund, navigate to the Funds page and click Create Fund.

Required Information

  • Fund Name — A descriptive name for your fund (e.g., "2026 Emergency Fund").
  • Start Date — When contributions begin.
  • End Date — When the fund matures and payouts are distributed.
  • Head Value — The contribution amount per head per schedule (default: 100 PHP).

Configuring Heads

Each member can hold one or more heads. More heads means higher contributions per schedule but also a larger share of the interest at fund maturity. For example, if the head value is 100 PHP and a member has 2 heads, they contribute 200 PHP per schedule.

After Creation

Once your fund is created:

  1. Invite members using their email addresses.
  2. Generate contribution schedules — the system creates schedules every 15 days based on the start date.
  3. Configure penalties — set the penalty type (daily, weekly, monthly) and amount for late contributions.

Tips

  • You can adjust the cutoff days (default: 15th and 30th) to match your group's pay schedule.
  • The fund manager is automatically added as a member and can also contribute.