Q&A

 

La Tanda: Q&A

Q: What happens if a member stops making their contributions?

A: La Tanda strives to create a community of trust and mutual support. However, we understand that unforeseen circumstances may prevent members from fulfilling their commitments. Here's how we address such situations:

• Missed Payments:

• If a member misses a few payments, we will reach out to them to understand the reason and offer support.

• If the member continues to miss payments, their batches will be temporarily suspended until they catch up.

• Continued non-payment may result in the member being removed from the group and potentially facing legal action.

• Early Withdrawal from Savings Pool:

• Members who withdraw their contributions before the program ends and discontinue further contributions will forfeit any accumulated interest.
• They will also be responsible for paying back the remaining contributions to the group.

• Failure to do so may result in legal action.

Q: How does La Tanda work?

A: La Tanda operates on the principle of collective savings pools and investments. Members contribute to a voluntarily shared fund, which is redeemable as a lottery withdrawal. This fund is then recommended to be used for various initiatives, such as providing loans to members, investing in projects, and supporting marketing efforts. This recommended collaborative approach allows members to access benefits that they might not have individually.

Q: What are the key benefits of joining La Tanda?

A: La Tanda offers a wide range of benefits, including:

• Financial Growth:

• Enhanced Returns: Collective investments provide access to opportunities and potentially higher returns than individual savings.

• Automatic Savings: Earn a 3% return on deposits made during a "Tanda" batch.

• Auto Loan Opportunity:

Open a La Tanda savings pool and access early-stage loans with an interest rate of just

1.96% on the total pool for each savings period.

• Funding Guarantee: Transparent fee structure (1.96% per batch) ensures your money is safe and accounted for.

• Community and Support:

• Social Inclusion: Participate in community events and workshops.

• Collaborative Environment: Share experiences, learn from each other, and build relationships.

• Consumers Savings Membership: Access exclusive discounts from La Tanda partners.

• Empowerment and Growth:

• Financial Education: Gain valuable knowledge through workshops and resources.

• Partnership Opportunities: Potential to become a Ray-Banks corporate partner.

• Marketing Support: Leverage collective resources for business promotion.

• Networking: Connect with like-minded individuals and entrepreneurs.

Q: Are there any risks involved in participating in La Tanda?

A: While La Tanda is designed to mitigate risks, it's important to be aware of potential challenges:

• Economic Risks: Market volatility could impact investment performance.

• Participant Non-Compliance: Missed contributions or withdrawals could affect the program's operation.

• Regulatory Changes: Financial regulations could impact interest rates and operations.

• Fraud/Dishonesty: While safeguards are in place, fraudulent behavior is best addressed through collaboration between group leaders, participants, and security personnel.

Q: How can I join La Tanda?

A: To join La Tanda, you can complete the online registration form available on our website. You will need to provide accurate and complete information, and agree to the program's terms and conditions.

Q: How much does it cost to participate in La Tanda?

A: There is no cost to join La Tanda. However, participants are required to pay a voluntary amount of 1.96% for a security fund and regular contributions as determined by the group.

Q: How are investment decisions made?

A: Investment decisions are made through a voting process among the members of each tanda. Participants have an equal say in choosing the projects to invest in.

Q: How are returns distributed?

A: Returns on investments are distributed equally among the members of each tanda, after deducting any necessary expenses. Participants will receive regular statements detailing the performance of their investments and the distribution of returns.

Q: Can I withdraw my contributions early?

A: Early withdrawals are allowed under exceptional circumstances, with a penalty fee applied to discourage unnecessary withdrawals. The penalty fee will be determined by the group and communicated to all members before the start of the tanda.

Q: How is La Tanda regulated?

A: La Tanda operates in compliance with all relevant financial and legal regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, tax laws and regulations, consumer protection laws, and data privacy and security regulations.

Q: How is La Tanda different from other savings programs?

A: La Tanda is unique in its focus on collective investment, community empowerment, and social impact. The program goes beyond traditional savings by providing participants with access to investment opportunities, financial education, and a supportive community.

Q: How can I learn more about La Tanda?

A: You can visit our website, attend our information sessions, or contact our team directly. We are committed to providing

Q: How can I stay updated on La Tanda news and events?

A: You can follow us on social media or subscribe to our newsletter to receive the latest updates.

Q: What is the contact information for La Tanda?

A: You can reach us by email at handdraw32@gmail.com or by phone at +504 9445-4260.

Q: What are the eligibility criteria for participating in La Tanda?

A: To participate in La Tanda, you must:

• Be at least 18 years of age.

• Have a valid government-issued ID.

• Reside within the program's designated service area.

• Demonstrate a commitment to financial responsibility and regular contributions.

• Be willing to actively participate in program activities and adhere to its regulations.

Q: What is the duration of each La Tanda cycle?

A: A La Tanda cycle typically lasts for one year. The exact length of the cycle is determined by the group's administrators and board regulators.

Q: How are group leaders selected?

A: Group leaders are typically elected by the members of each tanda. Leaders are responsible for facilitating communication, organizing meetings, and ensuring the smooth operation of the group.

Q: What are the benefits of being a group leader?

A: Group leaders play a vital role in the success of La Tanda. They gain valuable leadership experience, preferential cycle withdrawals, develop communication and organizational skills, and have the opportunity to make a positive impact on their community.

Q: What resources are available to support group leaders?

A: La Tanda provides group leaders with training, resources, and ongoing support. This includes access to educational materials, financial literacy workshops, and guidance on group management and conflict resolution.

Q: How does La Tanda promote financial education?

A: La Tanda offers a range of financial education programs and resources to empower participants to make informed financial decisions. This includes workshops on budgeting, saving, investing, debt management, and entrepreneurship.

Q: How does La Tanda contribute to community development?

A: La Tanda supports community development through various initiatives, such as providing access to financial services, promoting social inclusion, and investing in local businesses.

Q: How can I partner with La Tanda?

A: La Tanda welcomes partnerships with organizations and individuals who share our mission of financial empowerment and community development. We offer various partnership programs.