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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On this page
  • Types of Pools
  • How to Join a Pool
  • Eligibility and Approval
  • After Joining

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  1. Pool Management

Joining existing pools

FBA Finance offers two types of pools for businesses to join: Official FBA Finance Pools and Business-Created Pools. Each offers unique opportunities for funding and networking.

Types of Pools

  1. Official FBA Finance Pools:

    • Created and managed by FBA Finance

    • Often have more standardized terms

    • May offer additional benefits or lower fees

  2. Business-Created Pools:

    • Initiated by other businesses on the platform

    • May have more varied terms or industry-specific focus

    • Great for networking within your industry

How to Join a Pool

  1. Log into your FBA Finance dashboard

  2. Navigate to the "Available Pools" section

  3. Browse pools or use filters to find one that suits your needs

  4. Review pool details:

    • Contribution amount and frequency

    • Number of participants

    • Distribution schedule

    • Any specific rules or requirements

  5. Click "Request to Join" for your chosen pool

  6. For Business-Created Pools, the pool creator may need to approve your request

Eligibility and Approval

  • Ensure your business profile is up-to-date

  • Meet the minimum credit score requirement (varies by pool)

  • Have sufficient funds in your FBA Finance wallet for the first contribution

  • For some pools, you may need to meet industry-specific criteria

After Joining

  • Set up automatic contributions to ensure timely payments

  • Monitor your pool's progress through your dashboard

  • Engage with other pool members through our networking features

Remember, joining a pool is a commitment. Make sure you can meet the contribution requirements for the entire pool cycle.

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Last updated 6 months ago

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