Hagbad

Hagbad helps people organise and manage group savings.

Group savings are when a group of people agree to contribute the same amount of money regularly, and each member receives the total amount once during the cycle. It is a simple way for communities to save money together and access a larger lump sum when it is their turn.

For example, if 10 people each contribute £100 every month, the group pot becomes £1,000. Each month a different member receives the £1,000 until everyone has had their turn.

This system has existed for generations around the world.

You may know it by different names such as:

Hagbad
Ayuuto
Equb
Pardna
Committee
Chit funds
ROSCA

Hagbad makes it easier to organise and manage these savings groups digitally.

Instead of tracking payments through group chats, spreadsheets, or notes, Hagbad keeps everything in one place so members can clearly see contributions and payouts.

What you can do with Hagbad

Create a group savings circle
Invite friends, family, or people you trust
Set the contribution amount and payment schedule
See the payout order for the group
Track who has contributed each round
Keep a clear record of the savings cycle

Why people use group savings?

Group savings help people:

Save consistently
Access a larger lump sum of money
Support each other financially
Stay disciplined with saving

Hagbad helps make this process organised and transparent for everyone in the group.

Save together. Stay organised. Manage your group savings with Hagbad.