ABC of BlitzPosted: Feb 12, 2023

ABC of Blitz

Blitz is a combination of a Rotating Savings and Credit Association (ROSCA) and a market place. We make it easier to become an entrepreneur and to afford goods and services in a group.

Here are the basic values that Blitz creates:

  • Access to Market: Users of Blitz can offer products and services to their community for group buying. Blitz is perfect for household businesses like meal preparations, decorations, hairdressing or handyman services.

  • Builds Community: Individuals in struggling communities will often budget significant portion of their earnings on individual entertainment which does not contribute to the community. Blitz promotes group buying which results in creating market for products that whole community supports. It also gives opportunity for users to come together and build relationships with one another. The group setting can also provide a sense of accountability and support, as users are responsible for contributing to the pot and taking turns receiving the products.

  • Cost-less Option: Using Blitz is less time consuming than saving and expensive than traditional loans, as we do not charge transaction fees or any other interest. Using Blitz is 100% free.

  • Develop Trust: Blitz fosters trust and accountability among users, our suite of notifications reminds all group buying members about payment and deliveries of products, while the Blitz score keeps track of each user's performance. This is a valuable tool for building relationships and creating a sense of community.

  • Encourages Smart Money Management: Blitz teaches users how to manage money and save money on a regular basis, as they are required to contribute a set amount of money during each payment cycle. Moreover, Blitz loyalty program is designed to limit amount of money an individual can commit to in his community. As each user builds experience using the app and builds up his respect in the community, the amount that he can earn or spend increases. This is a helpful tool in teaching smart money habits.

  • Flexibility: Blitz offers flexibility in terms of the amount of money contributed and the frequency of product deliveries. Users can choose to sign up for a Blitz with small frequent payments (e.g. dailies) or larger and less often payments (e.g. monthlies)

Author: Alek Gora