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Plan a tanda
A tanda is a group where everyone contributes the same amount each round, and one person receives the pot each time. EquiVest never handles your tanda money. This planner stays on your device.
Which round do you receive the pot?
- Payout amount
- $1,000
- Your total contributions
- $1,000
Compare payout positions
Your position changes what a tanda does for you. Same money, different timing.
Early position (#2)
You receive $1,000 after paying in only $200. The remaining $800 is paid over the rest of the circle. This works like a loan with no interest, useful for an urgent need, but you're committed for the whole term.
Late position (#10)
You pay in $1,000 before receiving $1,000. This works like a savings plan the group holds you to, useful if money is hard to keep, but it doesn't help with an emergency today.
A tanda does not earn interest. You receive what the group put in. The value is in the timing, not a return.
Before joining a tanda
- Everyone depends on the other members continuing to contribute.
- A tanda does not have the protections of a bank account. There is no insurance if someone stops paying.
- An early payout means you receive money before you've made all your contributions, closer to an interest-free loan.
- A late payout behaves more like forced saving: you pay in first and receive the pot at the end.
- Know the schedule and know the people involved before you join.
- EquiVest does not organize, guarantee, or insure a tanda.