1.1 Eligibility

• An individual applicant must be 18 years or older. A parent or legal guardian may apply for an arrangement for a minor, subject to applicable law, identity and guardianship evidence.
• Must present valid identification, such as a National ID or passport.
• Must agree to the Fund's terms and current policy.
• Must commit to a minimum monthly equity contribution.

1.2 Application Process

• Registering interest is not a shareholder application and does not create a shareholding.
• A formal application is submitted through the platform with the required eligibility information.
• Directors review the application; the stated service target is seven working days, but approval is not guaranteed.
• After approval and account activation, the applicant becomes a shareholder with the applicable rights and obligations.

1.3 Minimum Entry Contribution

• PGK 100 is required to activate the shareholder account.

2.1 Monthly Contributions

• Minimum: PGK 20
• Maximum: No limit
• Must be paid via bank deposit or transfer.
• If loan arrears may be offset against a payment, the allocation and remaining equity amount must be shown clearly before the contribution is processed.
• Proof of payment must be uploaded with the equity contribution form.

2.2 Contribution Modes

• One-time payments
• Recurring debit authorization (recommended)
• Lump sum top-ups for increased equity value

2.3 Missed Contributions

• A grace period of 30 days applies.
• After 60 days: Account marked dormant.
• After 90 days: Suspension of benefits and loan access until reactivation.

2.4 Contribution Statements

• Real-time updates in shareholder dashboard
• Monthly summary by email
• Quarterly performance review downloadable from dashboard.

3.1 Conditions

• Shareholding must be held for a minimum of 12 months.
• Shareholder must not have any active loan balance.

3.2 Limits

• Max 50% of total equity per 6-month cycle.
• Minimum PGK 1,000 must remain in account to retain shareholding status.

3.3 Processing

• Submit the request through the dashboard.
• A 15-day notice period applies.
• The request is reviewed under the applicable director approval threshold.
• After the notice period, approval and verification of liabilities, the stated processing target is seven working days. Liquidity constraints may affect timing and must be communicated.

3.4 Arrangements for minors

• Cash dividend and equity withdrawals are not available on a holding registered for a person under 18. The current system reinvests returns as shares until the holder reaches 18, subject to the legal terms of the minor arrangement.

4.1 Eligibility Criteria

• Active status for minimum 3 months
• Minimum equity: PGK 300
• A satisfactory repayment and affordability assessment; existing loans count toward the applicable exposure limit.

4.2 Loan Types & Terms

4.3 Repayment

• Repayments follow the schedule in the executed loan agreement; an automatic deduction may be required.
• Early repayment is allowed with no penalty unless the executed agreement states otherwise.
• A missed payment incurs a PGK 5 late fee, subject to applicable law and the executed agreement.
• Prolonged default may result in enforcement against equity and a permitted sale or transfer of shares after notice, valuation and the required approval process. The recovery method must be documented in the agreement.
• For an accrual-backed loan, 50% of qualifying repayment credit is restored to the relevant accrual balance under the current policy.

4.4 Referrals and guarantees

• A referral does not by itself make a shareholder a guarantor. Any guarantee must be a separate written agreement accepted after the guarantor receives the terms and risk disclosure.
• An eligible referral may earn the configured commission on qualifying interest. Relationship-group borrowers normally receive a reduced rate instead of generating commission.
• A guarantor's liability, trigger and recovery process are governed by the signed guarantee; this policy summary does not create liability on its own.

• A shareholder places registered clients into low-interest classification groups from their own dashboard. Each group carries its own interest rate and its own quota — the number of clients a shareholder may place in it — both set by the Fund and revisable by the board.
• The groups are: Next of Kin, Nuclear Family, Extended Family, Friends and Circle.
• Relationships must be verified via birth/marriage certificate or legal affidavit.
• The interest rate applied to a loan is the rate in force for that client's group at the time the loan is approved.
• Total limit: 2x nominating shareholder’s equity for a single loan. All relationship loans must be within 10x nominating shareholder’s equity, if exceeded, loan interest can be subject to normal rates.
• A client placed in one of these groups does not attract referral commission for the nominating shareholder: the reduced interest rate is the benefit. Commission is earned on referred borrowers who are outside every group. (The Fund may elect to allow both; the setting in force is applied at distribution.)

6.1 Sources of Profit

• Interest generated from loans. See the public Income Distribution Guide.
• Permitted penalty fees and service charges.
• Realised investment income or gains, after recognising losses and costs.

6.2 Distribution timing

• The system can calculate qualifying loan-interest allocations when an eligible distribution run is opened.
• A cash dividend is not payable until the relevant declaration or resolution is approved.
• Approved amounts are allocated using the eligible shareholding record and shown in the shareholder account.
• The board communicates the record date, payment or holding status and any quarterly reporting schedule.

6.3 Dividend policy

• Income is not automatically a dividend. Costs, reserves, liabilities, tax and the configured allocation must be applied before a distributable amount is known.
• Qualifying distributions may follow completed loans, realised investment proceeds or realised gains, subject to accounting recognition and approval.
• For loan-interest runs, the current configured equity/dividend split is published in the Income Distribution Guide and recorded with each run.
• Any different 50/50 treatment proposed for investment payouts or capital gains must be approved, configured and disclosed before it is applied.
• An adult shareholder may request withdrawal of an available cash-dividend balance under the current frequency, verification and approval rules, or may request reinvestment as equity.
• All dividend transactions are logged and accessible via the shareholder's transaction history for transparency and record-keeping.
• Distribution schedules and amounts are subject to the applicable director approval threshold and should be communicated to shareholders.
• For a holding registered to a person under 18, the current system reinvests the dividend portion into shares rather than creating withdrawable cash, subject to the governing minor-account terms.

6.4 Taxation

• Any required withholding is applied under the law in force when a payment is made.
• Shareholders are responsible for obtaining advice about their own reporting and tax obligations.
• The fund should provide the transaction and annual statements required by law and its approved reporting policy.

6.5 Net Asset Value calculation

• Net Asset Value (NAV) is fund assets less recognised liabilities; it is not simply total member contributions.
• NAV per share is determined by dividing the NAV by the total number of outstanding shares.
• Shareholders can view the NAV and their proportional equity value in the dashboard.

7.1 Shareholders

• Access to the member dashboard and available fund records.
• Participation in annual general meetings under the meeting rules.
• Voting rights on qualifying member resolutions, subject to the recorded PGK 2,000 equity threshold.
• The right to propose policy changes or audit reviews through the approved process.
• Eligibility to seek nomination as a director, subject to the recorded PGK 5,000 equity threshold and all fit-and-proper requirements.

7.2 Shareholding

• The Fund holds a stake in itself, built from 10% of the income that would otherwise be distributed. The Fund buys those shares at the same price shareholders pay — it is not issued free shares.
• This matters to every shareholder: your equity is never diluted to fund the Fund's stake. A contribution of K1,000 buys K1,000 of shares. The Fund's holding grows only as the Fund actually earns.
• Eligible approved distributions are allocated among shareholders according to the applicable shareholding record.
• Share issuance follows approved equity entries and the applicable NAV per share; it is not an unexplained automatic balance change.
• Shareholders should receive notice of material changes to their equity status or shares.
• Shares can be increased by reinvesting dividends.
• A sale or transfer of shares is only permitted if the legal documents, platform process, valuation, eligibility and required approvals all support it.

8.1 Fund Management

• Managed by a board of 9 directors
• Directors serve 2-year terms
• The general recorded threshold is at least 5 of 9 directors; a decision type may carry a specific threshold stored with its resolution.

8.2 Accountability

• Monthly financial reporting.
• Quarterly stakeholder updates.
• An annual external audit, with the completed report made available under the approved disclosure process.

8.3 Conflict of Interest

• Directors must declare conflicts.
• Transactions with directors or their businesses must be pre-approved and transparent.

8.4 Director Functions and Compensation

• Directors are responsible for strategic decision-making and policy implementation.
• They oversee fund operations, ensuring compliance with regulations and policies.
• Authorised directors and the Managing Director act as bank signatories under the approved mandate; not every director should be assumed to transact individually.
• Directors create committees and approve their written terms of reference, such as for an investment committee.
• Directors are required to attend all board meetings and AGMs unless excused for valid reasons.
• Reimbursement for expenses incurred during official duties, such as travel and accommodation, is provided.
• Directors must maintain confidentiality and act in the best interest of the fund and its shareholders.
• Compensation includes a fixed monthly stipend and performance-based bonuses, subject to shareholder approval.
• The recorded monthly stipend is PGK 0.00. The policy proposes a 50% cash and 50% equity split; payment requires an approved process and supporting records.

• An annual external audit is required by policy.
• A mid-year internal audit is required by policy.
• Shareholder funds must be held in the approved separate corporate accounts. Balances and statements should be reconciled and reported to shareholders each month.
• Financial transactions must be traceable through digital records and supporting evidence.
• Prospective and current shareholders may request the latest completed audit and reporting status.

• The fund must document which account types require multi-factor authentication and enforce it where configured.
• Sensitive data must be protected in transit and at rest using controls appropriate to the system and verified through security review.
• Backups must follow a documented schedule and be tested for restoration, not merely created.
• Collection, credit checks, sharing, retention, correction and deletion of personal data must follow applicable law and a published privacy notice. No blanket GDPR-compliance claim should be made without a completed legal and technical assessment.

11.1 Voluntary Exit

• A 60-day notice period applies.
• Final equity value is determined under the valuation rules and paid after liabilities, authorised deductions and liquidity requirements are resolved.
• An exit report is issued.

11.2 Forced Termination

• Grounds may include substantiated fraud, inactivity or a material policy breach.
• Equity may be restricted during a documented investigation where permitted, with notice and an opportunity to respond.
• Lawful recovery may be pursued where liabilities remain.

• Shareholders should keep next-of-kin or beneficiary nominations current through the dashboard. Approval of a record does not override a will, estate law or a court order.
• After a verified death, the fund must confirm legal authority, liabilities and entitlement before transferring or paying any value.
• A beneficiary receiving shares must accept the terms, meet eligibility requirements and complete onboarding.

• Policy changes may be proposed for the annual general meeting under the governing documents.
• An emergency change requires the approval threshold authorised by the governing documents—not an undefined "consensus"—and at least 14 days' notice unless lawfully impossible.
• The notice must identify the previous wording, new wording, effective date and effect on existing agreements.
• Any shareholder ratification or rejection right must be exercised under the governing documents and cannot be assumed to reverse transactions already lawfully completed.