INOVIS Finance describes itself as a shareholder-owned equity and loan fund. Members contribute equity, the fund puts pooled capital to work, and income is allocated under the Fund Policy among operating costs, reserves, referral commission and eligible shareholder distributions.

Two things make it different from an ordinary savings account. First, you are an owner, not a depositor — there is no fixed savings rate and the value of your stake can rise or fall. Second, the intended model is to let members use eligible distributions and borrowing facilities without routinely selling their shares. That is the idea behind the slogan Live Now, not a guarantee of returns or access to credit.

The fund does not track what you put in as a running Kina balance. It issues you shares, the same way a mutual fund does. This is the single most important concept to understand, because everything else follows from it.

The fund's Net Asset Value (NAV) is what it owns minus what it owes. Divide that by the number of shares in issue and you get the share price:

When you contribute, you buy shares at the price that applies when the contribution is recorded. If net assets grow faster than the number of shares, NAV per share rises; if losses or liabilities reduce net assets, it can fall. A later member pays the then-current price, so a correctly priced new contribution should not reduce the value of existing members' holdings even though their ownership percentages change.

The worked example — three founding members, the fund doubling, a fourth member joining at the higher price — is set out in the Shareholding Determination Guide.

Registering interest starts a conversation; it does not create a shareholding. A formal application and eligibility information are reviewed, admission follows the applicable director approval process, and the minimum entry contribution activates an approved account. The current entry and ongoing contribution figures are in the Fund Policy, section 1.

Contributions can be one-off, recurring, or lump-sum top-ups. Every contribution is evidenced by proof of payment, reviewed, and then recorded to the share register as a dated entry — not simply added to a number. Missed contributions have defined consequences (dormancy, then suspension of benefits) rather than being handled case by case.

The operating model puts pooled equity into approved loans and other authorised investments. Interest, permitted fees and investment results may generate income, while defaults, costs and investment losses can reduce it.

Borrowers should be assessed under the lending policy. Where applicable and lawfully disclosed, that may include information from the Dinau Control Centre (DCC), the shared credit information service. Protecting the loan book protects shareholder capital, but no assessment removes credit risk completely.

When qualifying loan income is recognised, the system applies the configured policy rates. Amounts may be allocated to referral commission, operating costs and lending reserves before the distributable balance is calculated. A shareholder distribution remains subject to the applicable accounting treatment and approval process.

When a distribution is declared, each eligible shareholder's portion is calculated from the applicable shareholding record. The configured split can include:

• Equity — reinvested on your behalf, buying you more shares at the current price and permanently increasing your stake.
• Dividend — credited to your wallet, which you may withdraw or convert back into equity.

The exact percentages at every step, and the arithmetic worked through end to end, are in the Income Distribution Guide.

This is the mechanism behind Live Now, and it is the part most worth understanding properly.

The policy allocates accrual eligibility across 20 named purposes associated with your account — Housing, Rental, School Fee, Medical, Savings, Emergency, Investment, SME, Vehicle, Holiday, Insurance, Funeral, Gym, Christmas, Birthday, Spouse, Children, Church, Family and Other.

An accrual balance is a calculated borrowing limit, not cash held in a separate deposit account. An eligible member may apply to borrow for that purpose at the policy rate, including 0% where the policy specifies it. Approval, documentation and fund liquidity still apply.

Allocation percentages are intended to reflect different needs, including seasonal demand. They do not reserve a matching pool of cash for each member and do not by themselves guarantee that every request can be funded at the same time.

When you repay an accrual loan, half the repayment is credited straight back to that account, so your eligibility rebuilds as you repay.

The platform calculates indicative limits from your equity and checks policy thresholds during an application. A displayed limit is not an approval: affordability, evidence, existing commitments, credit assessment, liquidity and director approval may still apply.

Personal, SME, emergency and accrual-backed lending each have their own limit, term and fee. Because these are the numbers most likely to be reviewed by the board, the authoritative table is kept in one place: section 4 of the Fund Policy. Your own current limits are shown on your dashboard whenever you start an application.

Shareholders and the people close to them are the fund's main borrowers. From your dashboard you place registered clients into low-interest classification groups, and they borrow at that group's rate rather than the standard one:

• Next of Kin
• Nuclear Family
• Extended Family
• Friends
• Circle

Each group carries its own interest rate and its own quota — how many clients you may place in it. Both are set by the fund and shown on your dashboard. Relationship exposure limits are set in the Fund Policy and the configuration shown at application. These limits can be reviewed by the board.

You may also refer borrowers who are not in any of your groups, and earn commission on the interest their loans generate. It is one or the other: a client inside a group already receives the benefit as a reduced rate, so no commission is paid on them.

The fund is managed by a board of 9 directors. Decisions that move money or change a member's standing are not taken by one person. They are raised as a resolution and must carry at least 5 of 9 votes in favour — one director, one vote.

This applies to admitting a shareholder, approving an equity contribution, approving a loan, authorising an expense, approving a withdrawal and declaring a dividend. The voting threshold in force when a resolution is opened is recorded onto that resolution, so changing the rule later can never retroactively carry or overturn a decision already in progress.

Directors serve fixed terms, must declare conflicts of interest, and are signatories to the fund's bank accounts alongside the Managing Director.

Transparency here means you can verify the numbers, not just be told them.

• Share register. Every movement in your shareholding is a dated ledger entry with a reason attached. Your balance is the sum of that ledger, and the fund reconciles the two continuously — a mismatch is raised, not absorbed.
• NAV history. Each recalculation is recorded with the shares in issue and the resulting share price, so the value of your holding at any past date can be reconstructed.
• Your dashboard. Contributions, shares held, ownership percentage, accrual balances, loan positions and dividends — updated as events happen.
• Statements and audit. The policy calls for monthly reporting, separate corporate accounts, a mid-year internal audit and an annual external audit. Ask for the most recent completed reports rather than assuming they are current.

Every financial transaction is digitally logged and traceable.

Equity withdrawal is possible once a minimum holding period has passed and you carry no active loan balance. Requests are submitted from your dashboard, subject to notice, and reviewed by the directors like any other resolution. A minimum balance must remain if you intend to keep your shareholding status.

On voluntary exit your equity is refunded after liabilities are deducted and an exit report is issued. In the event of death, equity and rights pass to your nominated next of kin — which is why the beneficiary list on your dashboard should be kept current. The conditions, notice periods and limits are in sections 3, 11 and 12 of the Fund Policy.