Hamvam is designed to manage family and friends’ loan funds—from managing members and payments to conducting online draws.
**Features:**
- Create funds and define their bylaws. - Customize fund settings during setup. - Manage members, shares, and access permissions. - Record payments and receipts, with administrator approval. - Conduct online draws that all members can observe. - Run automatic and semi-automatic draws. - Scan bank cards to enter card information. - Access financial reports, past cycle records, and Excel and PDF exports. - Use fund group chats, private messaging with the administrator, and support. - Receive configurable SMS alerts and free notifications outside the app.
**Free version:** One fund with up to 10 members, available until the first draw. Conducting draws and exporting files require a subscription. The fund owner is responsible for purchasing the subscription; the price is displayed before purchase.
**Note:** This app does not act as a financial intermediary between members. It is solely a Software as a Service (SaaS) application for managing the accounting of family and friends’ loan funds.