VICOBA Share-Out Calculator
At the end of a VICOBA/VSLA cycle, list each member's contribution and the cycle's interest, fines and social fund. The calculator works out the distributable fund and every member's proportional payout — ready to export or print for the share-out meeting.
- Contributions 5,000,000
- Interest 600,000
- Fines 150,000
- Social fund (held back) 250,000
| Member | Contribution | Share % | Payout |
|---|---|---|---|
| Neema Kweka | 2,000,000 | 40.0% | 2,200,000 |
| Juma Hassan | 2,000,000 | 40.0% | 2,200,000 |
| Amina Joseph | 1,000,000 | 20.0% | 1,100,000 |
| Total | 5,000,000 | 100.0% | 5,500,000 |
How this is calculated
The group’s distributable fund is everything collected during the cycle, less the social fund kept aside. It is then shared out among members using the contribution-proportional method — each member’s payout is their share of total contributions applied to the fund, and the payouts sum back to the distributable fund.
Show the calculation formula
Fund = contributions + interest + fines − social fund
member payout = (member contribution ÷ total contributions) × fund
Each member’s share is their contribution as a fraction of the total, applied to the distributable fund. Summed across all members, the payouts equal the distributable fund.
What is a share-out?
A share-out is the cycle-end distribution that makes VICOBA groups work: everyone’s savings, plus the group’s earnings, come back to members transparently and in proportion to what they put in — the moment of trust the whole year builds toward.
What goes into the distributable fund?
Contributions and the group’s earnings (loan interest and fines), less whatever the group votes to keep in a social or welfare fund for the next cycle. This tool assumes a pure proportional split; group-specific variations — such as weighting for attendance or loan usage — follow each group’s own constitution and are not modelled here.
FAQ
How is a VICOBA share-out calculated?
At the end of a cycle the group works out its distributable fund — members' total contributions plus loan interest and fines, minus the social/welfare fund kept aside — then shares it out among members in proportion to what each contributed.
What is the contribution-proportional method?
Each member receives the same share of the distributable fund as their share of total contributions: a member who put in 20% of contributions receives 20% of the fund. This calculator uses that contribution-proportional method, and the member payouts always sum back to the distributable fund.
Do all groups share out the same way?
No. Constitutions differ — some groups also weight attendance, loan usage or other rules. This tool shows the common contribution-proportional method; always follow your own group's constitution for any variation.
What is the social fund?
A social or welfare fund is money the group votes to keep aside — often for emergencies or the next cycle — rather than share out. It is subtracted before the split, so only the remaining distributable fund is paid out to members.
What goes into the distributable fund?
Members' total contributions, plus interest earned on the group's internal loans, plus any fines collected, minus the social/welfare fund kept aside.
What if the social fund is larger than everything collected?
That is blocked as an input error — a social fund bigger than contributions plus interest plus fines would leave a negative distributable fund, which has no sensible meaning. Check your figures.
Is anything I enter saved or sent anywhere?
No. The whole calculation runs in your browser — nothing you type is stored or transmitted to any server. You can export a CSV or print for the share-out meeting.
Run your VICOBA/VSLA cycle on Ustawi.
This calculator handles the year-end share-out. Ustawi’s VICOBA & Savings Groups app runs the full cycle — member shares, the social fund, internal lending, interest, fines and the share-out — so the distribution is computed from a running record instead of a spreadsheet rebuilt at cycle end.
