Document no ADA/IFRS/DOLLAR-C/GUEST/96AAFQ · origin APID GUEST · verification 96AAFQ4QXE · sign in to sign and archive
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Abathwa Development Association
Dollar Club
849 Mawabeni, Zimbabwe · admin@abathwa.com · 0789989619 · www.abathwa.com
Operational, Financial & Equity-in-Waiting Status — Dollar Club
Reporting period: 1 January 2026 – 6 September 2026 · Issued 6 September 2026
Group savings club with peer-to-peer lending on a prepaid-interest basis. Interest is subtracted upfront, creating surpluses for the club.
During the period, 1 receipt totalling $30 were recorded against 1 payment totalling $480, leaving a movement of -$450. Capital mobilised to date stands at $30.
Equity-in-waiting is a notional, record-keeping measure of each member’s proportional capital contribution — cash and in-kind treated identically. It does not represent vested ownership and converts to formal equity only on the triggers defined in the SAFE agreement.
| # | Member | Cash | In-kind | Total | Equity-in-waiting |
|---|---|---|---|---|---|
| 1 | Patience Bango Dube | $30 | — | $30 | 100.00% |
| Totals | $30 | $0 | $30 | 100.00% | |
Receipts
Payments
Income
None recorded.
Expenses
Assets
Liabilities
None recorded.
Equity
| Code | Account | Debit | Credit |
|---|---|---|---|
| 1010 | Bank — pooled capital account | $30 | $480 |
| 3010 | Member capital — cash | — | $30 |
| 6000 | Administrative expenses | $480 | — |
| Totals | $510 | $510 | |
Prepared under IFRS from 2 posted journal entries in the period. Back to wing dossier