We really need your help to know how much financial topics like money & savings matter to you and your group. We'd also like to understand if Trust Money- a resource for start-up capital- is helpful for you and your group. So this is your chance to be brutally honest with us! And yes- we mean it. Thanks for helping shape the resources and support we provide- we couldn't do it without you.
You might have not heard of Trust Money so let us break it down. We offer every group that has been saving for 3 months Trust Money which is essentially a boost for your Small Powerful Group. It could be used as start-up capital for a project or money to start group loans. We provide £100 for every member in the group with an upper ceiling of £500 per group (eg: if a group has three members, the group will receive £300; a group with six members will receive the maximum i.e. £500). There are no strings attached except sharing with WEvolution how you use the money so we can track its impact.
If you want to dive deeper then check out this link:
https://www.smallpowerfulgroups.com/trust-moneyWe want to propose a few other ways that Trust Money could be offered so read the options below and then let us know your thoughts.
OPTION 1: After being a group for a month we automatically send you £150 to your group savings account. Only eligible if you've set up a group savings account. If you are still active after 6 months, we will send you the second installment of £150.
OPTION 2: When a group signs their group agreement, we send them a welcome gift of up to £150 as a one off gift for them to use to jumpstart their group and any ideas they have.
OPTION 3: Continue offering Trust Money as is- which means groups will need to apply for it and can ask for up to £500 in total (depending number of members). They will need to demonstrate they've been saving for three months.