# Cooperative Savings

Cooperative savings are groups owned and operated by and for their members/contributors, using pooled funds for the interest and benefits of its member. On Xend Finance, you can be part of a cooperative savings cycle by depositing the amount for one or more stakes. In cooperative savings, one stake might be worth $10, so to contribute in that particular cooperative cycle, you can get a stake for $10, two stakes for $20, and so on. This differs from the Esusu cycle where there is a fixed deposit amount every member/contributor in the cycle has to deposit.

## Cooperative Savings Features

Just as in Esusu cycles, a Cooperative savings cycle has to be created as part of a group. Here is how to create a group.

{% content-ref url="groups" %}
[groups](https://docs.xend.finance/xend-finance-functions/groups)
{% endcontent-ref %}

### **Create a Cooperative Savings cycle**

Click “Open”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MOBLjVoiVm5YWOGz5Av%2F-MOYDMKiJCBzgNMgxYtL%2F-MOYHMlSfn4AxQWoQylW%2Fopen.gif?alt=media\&token=d407ec99-d07f-481b-a0a2-231aa51100a4)

Click “Create Cooperative Savings Cycle”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsLzkPQ9sV2W5gXg%2F7.png?generation=1607884310860733\&alt=media)

Enter required predefined rules

Click “Create Cooperative”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM-fAkAJ74RIvXY%2F8.png?generation=1607884310876421\&alt=media)

MetaMask notification pops up

Click “Confirm”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM03lhD56ygXX3p%2F9.png?generation=1607884310887584\&alt=media)

**The notification “you have joined cycle successfully” pops up**

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM175vTuTDYCWgo%2F10.png?generation=1607884310863140\&alt=media)

### **Join a Cooperative Savings cycle**

**Below the Cooperative group created;**

* Click “Open”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM2lic5Xlv7zOq8%2F11.png?generation=1607884310876142\&alt=media)

* Click “Join Cooperative Cycle”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM3PL1GFzR70-e9%2F12.png?generation=1607884310880262\&alt=media)

**MetaMask notification page pops up.**

* Click “Confirm”

![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM4dz9LcAVuHAkt%2F13.png?generation=1607884310869163\&alt=media) ![](https://2816221107-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2Fxend-finance-docs%2F-MOSLYNY5wNEzZ53cxH3%2F-MOSMsM5WgzYjzSRYL8x%2F14.png?generation=1607884310872987\&alt=media)

**Notification; “You have joined cooperative cycle successfully” pops up.**