"Are you trying to pay off your credit card, student loan, plan a vacation, or buy furniture and don’t have a lump sum to pay towards any of these goals?
With Prana you can invite your family and friends to help pay for each others short term financial goals. Every week or month everyone contributes towards one members goal and this goes on till everyone has received a lump sum that they can spend as they planned.
Prana is a social savings app that uses the power of many to reach individual financial goals. This helps uplift everyone. This is an ancient practice of savings that is common within Caribbean, Asian, and African communities in the US and worldwide. These savings groups are known by different names in different cultures like “sou sou” in the Caribbean community, “tanda” in the Latino community, “committee” in the South Asian community, “sociedad” in Dominican Republic, “tontine” in West Africa and more.
Here are some Prana features:
Prana uses scheduled ACH transfers to automate all financial transactions.
All members have access to transaction records that allows for transparency and trust.
Prana tracks and monitors all payments after the members have completed initial setup.
Prana makes it very easy for anyone to invite friends and family and organize a savings group.
Prana is live in the US at the moment.
Prana takes a small fee to use the app from everyone in the group. Please read more about our fee on our website or on the app. "