The Power of Esusu: A Timeless Tradition in Modern Financial Practices
Esusu is more than a financial tool; it is a cultural legacy that celebrates trust, cooperation, and resilience.
Easily automate your monthly Esusu contributions. Enjoy hassle-free group savings without worrying about missed payments
Protect your contributions from defaulting members and avoid cash-handling risks like robberies or fraud through secure transactions
Join Esusu groups anywhere, with people you know $ trust, on a unified digital platform for all
Your money is safe from disasters like fire or floods, with digital savings protected and insured
No more paperwork or lost data! Manage your Esusu contributions efficiently with digital records and notifications
Whether you're banked or unbanked, access secure contributions with ease through Mimonie app
Mimonie is a digital platform designed to simplify and automate the traditional Esusu contribution system. It helps individuals in thrift savings groups manage their contributions securely and efficiently.
The app eliminates cash-handling risks like robberies and fraud by digitizing transactions and securing personal data. It also ensures that contributions are insured, and defaults by contributors are minimized.
The Mimonie App is designed for salary earners, business owners, petty traders, artisans, and students, both in rural and urban areas.
Once registered and verified, you can create or join a contribution group within your income range. You can invite trusted users or accept invitation from other trusted users.
Yes, the Mimonie App allows users to create personalized contribution groups. You can invite trusted friends or family through an invite link, helping build trust and complete group participation.
During registration, you'll need to provide your full name, email, phone number, occupation, country of residence, and other personal details. Additionally, a verification process will be conducted, including BVN and ID verification.
Payments are automatically deducted from your Bank Card based on your selected contribution period (weekly or monthly). Users must add an ATM card to authorize this.
The app reduces the risk of defaults by automating the payment process through direct debit via the card added to their mimonie account.
In the unfortunate event of death or critical illness, the app ensures your contributions are transferred to your nominated next of kin.
The app generates revenue through administration fees, Google Play Store traffic, and ad placements from businesses.
Esusu is more than a financial tool; it is a cultural legacy that celebrates trust, cooperation, and resilience.
Every Esusu or thrift group has that one dramatic moment - when someone 'accidentally' spends the contribution money.
For over seven years, I’ve been the backbone of my Esusu group. People often tell me, “You’re so organized! You make it look easy!”
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