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Peter Brown Explains the ECHO Training Initiatives
Peter Brown Explains the ECHO Training Initiatives - Part 2
This is the central place for collection of the ECHO Sousou Payments. We have 13 members currently participating at a rate of $50 biweekly. The fees for the use of FundRazer is 2.9% plus .30 per transaction so that leaves us with approximately $15-$17 fees per payout date divided by 12 people so adding 2-3 dollars per payment should cover the fees for us. Also, anything that you would like to contribute above and beyond that will go to the many training initiatives that ECHO provides.
The order of payments is posted in our Private FaceBook group. As the first payment was paid to Monique already there will be 11 pay periods in this round. If we decide to continue after that we will randomize the payout. PLEASE encourage additional people to join as this will increase the payout amount and allow more people to save in the traditional way of our ancestors.
In the event that someone does not make their payment into the pot, the pot will be reduced by that payment and that person will be suspended from participating in the current round and if a makeup payment is not made to the person who was receiving payment that week they may be excluded from subsequent rounds as well. This is a savings solution that will be beneficial to all and can grow into something beautiful so please honor it.
Dates for the first round:
January 27
February 10
February 24
March 10
March 24
April 7
April 21
May 5
May 19
June 2
June 16
June 30
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