FBA Finance Docs
  • Welcome to FBA Finance
  • Introduction
    • What is FBA Finance all about?
    • The problem we're solving
    • Our mission and vision
    • Features
  • Understanding ROSCAs
    • What is a ROSCA ?
    • Traditional ROSCAs vs. FBA Finance's approach
    • Benefits of blockchain-based ROSCAs (FBA Pool)
  • User Guide
    • Creating an account
    • KYB process
    • FBA Pool
    • Understanding Your Profile
    • Getting Help
    • Tools
    • Education and Mentorship
  • Pool Management
    • Creating a pool
    • Joining existing pools
    • Pool Parameters
    • Resolving conflicts or issues within a pool
    • Collaboration tools for pool members
  • Tools
    • Introduction to FBA Finance Business Tools
    • Financial Management Suite
      • Automated Bookkeeping
      • Invoicing System
      • Expense Tracking
    • Inventory Management
    • Cash Flow Forecasting
    • Payroll Management
    • Human Resources
      • Applicant Tracking System
      • Employee Onboarding
      • Learning Management System
    • Project Management
      • Task Assignment and Tracking
    • Collaboration and Communication
      • Team Chat and Video Conferencing
      • Document Sharing and Co-editing
    • Marketing
      • Social Media Post Management
  • Mentorship Program
    • Overview of the mentorship program
    • Becoming a mentor
  • FBA Finance Marketplace
    • Overview of the Marketplace
  • The FBA Algorithm
    • What is the FBA Algorithm
  • FBA AFFILIATE PROGRAM
    • How it works
  • Fees and Charges
    • Overview of fee structure
    • Comparison with traditional financing options
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  • Eligibility
  • Steps to Create a Pool

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  1. Pool Management

Creating a pool

PreviousEducation and MentorshipNextJoining existing pools

Last updated 7 months ago

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Creating a pool on FBA Finance is a straightforward process that allows you to tap into the power of community-driven financing. Here's what you need to know:

Eligibility

Before creating a pool, ensure your business meets our eligibility criteria:

  • Completed process

  • Minimum credit score of x

  • At least 6 months of operational history

Steps to Create a Pool

  1. Log into your FBA Finance dashboard

  2. Click on "Create New Pool" in the Pools section

  3. Set your pool parameters:

    • Pool size (number of participants)

    • Contribution amount

    • Contribution frequency (weekly, bi-weekly, or monthly)

  4. Choose pool type:

    • Open (anyone can join)

    • Invite-only (you select participants)

  5. Set pool rules:

    • Distribution order (random, credit score-based, or fixed)

    • Late payment policies

  6. Review and confirm pool details

Once created, your pool will be visible to potential participants (if open) or your invitees can join.

As the pool creator, you'll have access to:

  • Real-time pool status updates

  • Participant contribution tracking

  • Distribution schedule

Remember, creating a pool is a commitment. Ensure you can meet the contribution requirements for the duration of the pool cycle.

Need help? Our support team is always ready to assist you in creating the perfect pool for your business needs.

KYB