Share-out

Compute the end-of-cycle share-out, record the members' resolution, post it and pay the lines.

Workflow

  1. 1

    Preconditions

    Every loan is repaid, no social loan is open, and the cash box is closed. The cycle stops taking shares and loans.

  2. 2

    The pool

    The pool is the cash held in the box and the group's accounts, less the social fund carried forward and whatever the members resolve to keep. On the pro-rata basis each member's line is proportional to their shares; on equal-profit each gets their shares back at par and an equal slice of the profit. Unpaid fines are set off against each line.

  3. 3

    Resolution, posting and paying

    Record the members' resolution. Posting goes through the maker-checker action "Share-out posting": earnings into surplus, shares into share-out payable, fines settled, cycle closed. Then pay lines out of the box or roll them into the next cycle's shares.