First of all the acronym MMM simply means MAVRODI MONDIAL MOVEMENT.
MMM is a global mutual aid community. MMM is social financial donation exchange network. MMM is a million & million community of people who have agreed to willingly extend financial helping hands to each other via donation.
MMM is not a bank, An investment opportunity, a business but simply a community of people helping each other financially.
MMM has no central pocket were money is been deposited, Transactions are done peer to peer (Person to Person)
MMM is ran by the community i.e. Me & you. We just have a technical program that regulates what we do and what we can't do.. The technical system controls how much we can ask do as help or withdraw and how much we can provide as help or deposit
HOW DOES IT WORK
You know about the popular word 'Contribution' where people contribute money to one person and there's a book where everyone's name is written. When it gets to your turn; everybody's money is given to you. (MMM is similar in that sense)
In MMM, we make pledges to donate our SPARE money to members who need the money. We do so by logging into our MMM account (Personal office) to make the pledge. We join the queue of people who have already made pledges after making the pledge.
We ONLY make pledges. We don't gather our pledges to give to one person. In MMM there is no CENTRAL ACCOUNT (No bank account where all our pledges are paid into). Members transfer money directly to each other.
Now, if a member in the community who has already made a pledge to provide financial help to another member and has fulfilled his pledge now needs help, he does that by logging into his MMM account (Personal Office) to say so (Get Help)
The system, connects him with the person in the queue for Providing help. If it's your turn on the queue to provide help; when you log into your Personal Office, you will receive the details of the person to provide financial help to.
As soon as you pay the money directly into the person's bank account who needs that financial help and that person acknowledges he has received the money, you are now qualified to Get help.
You then log into your personal office to ask for financial help. Someone/people in the queue whose turn it is to provide help will be assigned to pay you 30% of the donation you provided + the donation money itself.
MMM is composed of 3 components
1. Provide help
2. Get help
3. Technical basic program
A provider of help is someone who has pledged to give financial help in the community. He or she can also be a receiver of help, when he or she has extended a financial helping hand to someone in the community
A receiver of help is a member or participant who has already extended a helping hand or provided help. Thus is qualified to receive help from the community
So basically MMM has no any central pocket where all money deposits or donations goes into.. Because all donations are done peer to peer. How do i mean? Donations are done via member to member transfers into there bank accounts or bitcoin wallet.
The technical basic program controls the activities of the provider of help and the receiver of help.
3.HOW CAN I PARTICIPATE & BENEFIT FINANCIALLY IN MMM?
Like i said earlier MMM is donation exchange network. If we had previous knowledge of mutual aid society. We understand mutual aid society is a comunity where we give financial help and receive financial help back. The more financial help u give, the more financial help u get in return. Its like borrowing your money out, and receiving it back later or much later when you need it with little interest (just example)
MMM offers its participants an appreciation package for all donations they make to a participant in the community. MMM offers its participants 30% growth rate per month for each & every donation they make in the system.
For example
I donate 1000 naira, after 30 days you would be qualified to 1300 naira as financial help from another participant in community,
5000 naira qualifies you to recieve 6500 naira
10000 naira, qualifies you to recive 13000 naira...
So basically, the percentage grows by 1% daily or 30% monthly
The basic calculation is this
Donation amount X 1.30 = expected amount after 30 days
Let me just hint us on what goes on in the system a little
When you make a donation request, your request is registered & placed in a queue, while your money still remains with you.
In exchange, the system will register your request with its virtual currency called mavros. This mavros is already growing at 1% per day. While your request is in queue & your money is with you.
Its a tradition in MMM, that your donation is frozen for 15 days. So within that 15 days you cant ask for help (Get Help) but you can ask for help after 15 days because it would have been unfrozen also provided your order to send money to a participant who needs help is out already & money has been sent
So there are situations where your request will be in queue for 15-30 days ( thats for those using bank transfer to donate) and your virtual mavros is growing steadily. Maybe on the 30th day, your donation request was approved, contact details & bank details of the recipient who needs help was sent to you.. And you made the payment already and payment was confirmed. I tell you...even the next day been the 31st day you can withdraw or request to Get help
And the total money you asked as help will be paid to you within 48 hours...maximally by another participant
By sharing MMM with friends, family and business acquaintances..
MMM doesn't make any guarantees...Why? because it doesn't generate revenue, neither does it use your money for any business to generate profit. It's pure peer to peer transaction from one member to another member. MMM belongs to the community, its sustainability depends on the activities of the people that make up the MMM Nigeria community i.e me & you and other MMM Nigeria participants. So it is our corporate responsibility to ensure that this system giving to us freely by Sergry Mavrodi keeps helping people in meeting their financial needs by ensuring that we grow the community.
Just like the banks invest so much funds in marketing, to attract new deposits, MMM also market through seminar presentations & Charity events to create awareness and encourage people of different Nigerian ethnic group to join the community.
Where does 30% come from?
There is no interest rate in MMM. In MMM after you donated money, you can be rewarded with mavro. It is an index of your tributue to the development of the Community. This index grows 30% a month. It is just a technical issue. Programmers can adjust this growth rate of mavro at any moment. The amount of mavro and its growth rate can be decreased, increased, stopped, cancelled. The amount of mavro and its growth rate can be adjusted at ay moment to balance PH (Providing Help) and GH (Getting Help). That's why MMM can't collapse due to weak inflow of donations. If the inflow of donations will decrease, the amount of mavro will be adjusted, but the most important thing is that the process of donation exchange will not stop. It makes MMM stronger than the financial organizations. Financial organizations have obligations, if they do not meet them, they will go bankrupt. MMM is very flexible.
How does MMM generate 30% to pay participants?
This is a question that can never stop being asked. I have tried explaining this severally BUT its like "magic" to so many.
I understand everyone's fears that's why I will break it all down further mathematically below.
Let's say,
100 donations came in from 100 participants @2,000naira each = 200,000naira
In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in.
The BIG QUESTION is then how?
Here it is:-
The 60,000naira would come in through:-
(1.) Regular GH and re-PH from the 100 donations done by the participants.
Here is d maths:-
50 participants GH all their earnings + Principal donation = 130,000naira.
Total left over PH balance = 70,000naira
The remaining 50 then needs 60,000naira to get their own 130,000naira paid too.
The first 50 paid 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira)
That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira)
So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!!
This is just the same Principle Banks work with. That is why it is possible for just a deposit to serve 10 - 20 withdrawals.
And they pay you little interests for using your money to keep the redistribution process going!
If you are not part of this great community yet, what are you waiting for?? CLICK HERE NOW AND REGISTER YOUR SELF
Register and when registering try to use these following as your guider details so that i can always give you proper guide on the operations of MMM NIGERIA:
GUIDERS EMAIL: simplewale@gmail.com
GUIDERS NUMBER: 08137482050
CLICK HERE TO JOIN MMM WHATSAPP GROUP FOR MMM BASE UPDATES
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