Universal Fund (UNIFUND) is a system organized by a group of intelligent, goal-getting and selfless individuals who have seen a gap in the Nigerian financial society and have made a move to fill it. As a result of the ongoing recession in Nigeria, businesses have failed, jobs have been lost, and the rate of poverty has increased, leaving Nigerians hungry, homeless, jobless and unable to pay their bills. Hence, the need for a solution, as the saying goes; “Heaven helps those who help themselves”.
This platform was created to settle the need for funds by individuals or groups who seek to create jobs for themselves and the society at large as well as those who have jobs but are also looking to secure a future.
This platform is set to encourage people help each other achieve their goals; build that house, establish and grow that business, pay that tuition fee, and pay those bills.
We believe in productivity and wealth creation and this platform was created for those who need to get ahead in life and solve the financial crisis in Nigeria by creating real jobs and generating funds for the society.
We looking forward to becoming a group to be reckoned with; be able to donate to charity and make the lives of people better in our society.
We have carefully observed and scrutinized other systems trying to run such functions or schemes of “generating funds” and have seen a majority of these systems driven by greed, selfishness, and a lack of focus by both system administrators as well as the participants. Hence, we have come up with measures to curb those excesses and create an environment conducive for growth and continuity. One of such measures is The Continuity Policy which goes thus:
When a participant who indicates to Donate Fund (DF) to another member is paired to donate and is confirmed, five (5) days after confirmation, he/she can indicate to Receive Fund (RF) and will be paired within 48hours to receive from another participant. The amount expected should be the initial amount donated, while the profit of 40% remains in the Vault of the participant.
The participant is then expected to Donate Fund equivalent to the previous amount or higher, the moment he/she is paired to donate and is confirmed, the 40% profit of the previous transaction is instantly released to the Wallet for withdrawal while the new transaction matures for the participant to Receive Fund five (5) days after confirmation. And the cycle repeats.
For Example; if a participant indicates to donate #10,000, he/she is paired to donate to another participant. Five days after confirmation, the participant can now Receive Fund. With the 40% profit, the participant should have #14,000 in his/her Vault. The initial #10,000 is released to the Wallet for withdrawal leaving #4,000 in the Vault. The participant then clicks on Donate Fund and is paired to donate to another participant.
The moment the donation is confirmed, the #4000 in the Vault is released to Wallet for the participant to Receive Donation, leaving #14,000 of the new transaction in the Vault awaiting the 5th day after confirmation where #10,000 is released to the Wallet, leaving #4,000 in the Vault… and the cycle repeats.
The above is made simple as possible to ensure continuity and fulfilment of purpose. We expect that, as a participant receives, he/she has a responsibility to help others as well by continuing to donate, and in doing so, he/she keeps growing financially.
WE ARE NOT A BANK, WE DO NOT OPERATE A CENTRAL ACCOUNT WHERE ALL THE FUNDS ARE STORED. INSTEAD, WE PUT ALL THE POWER IN THE HANDS OF THE PARTICIPANTS WHERE THEY DONATE TO ONE ANOTHER TO HELP EACH OTHER ACHIEVE FINANCIAL FREEDOM. WE ADVISE THAT PARTICIPANTS DONATE “SPARE MONEY” ONLY.