Paluwagan Agreement

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Paluwagan Agreement — page 1
Paluwagan Agreement — page 2
Paluwagan Agreement — page 3

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Group name: [GROUP NAME — e.g. OFFICE BARKADA, 3RD FLOOR]

Organizer (tagapamahala): [FULL NAME], mobile [MOBILE]

Hulog (contribution) per member, per round: ₱[AMOUNT]

Number of members (and rounds): [NUMBER]

Pot each round (kuha): ₱[AMOUNT × NUMBER OF MEMBERS]

Payout dates: [EVERY WEEK / EVERY 15TH AND 30TH / EVERY MONTH], from [FIRST PAYOUT DATE] to [LAST PAYOUT DATE]

Order of payouts: by bunutan (drawing lots) held on [DATE], in front of all members

How the hulog is paid: [CASH TO THE ORGANIZER / GCASH / BANK TRANSFER], on or before each payout date

Order of payouts

Slot Payout date Member who gets the pot Pot Received ☐

1 [DATE] [NAME] ₱[POT] ☐

2 [DATE] [NAME] ₱[POT] ☐

3 [DATE] [NAME] ₱[POT] ☐

4 [DATE] [NAME] ₱[POT] ☐

5 [DATE] [NAME] ₱[POT] ☐

6 [DATE] [NAME] ₱[POT] ☐

7 [DATE] [NAME] ₱[POT] ☐

8 [DATE] [NAME] ₱[POT] ☐

9 [DATE] [NAME] ₱[POT] ☐

10 [DATE] [NAME] ₱[POT] ☐

Rules we agree to

1. Every member pays the hulog of ₱[AMOUNT] on or before every payout date, until the last round — also after getting the pot.

2. No interest and no fee: every member puts in exactly the pot and receives exactly the pot once.

3. Slots are not sold or bought. Two members may swap slots only if both sign the swap below and the organizer records it.

4. If a member is late, the organizer reminds them the same day. A member who has already received the pot and stops paying still owes the remaining hulog to the group.

5. A member who leaves before getting the pot gets back what they paid, at the end of the paluwagan.

6. The organizer keeps this list, records every hulog and shows the record to any member who asks.

Members and signatures

Slot Name Mobile Signature

1 [NAME] [MOBILE]

2 [NAME] [MOBILE]

3 [NAME] [MOBILE]

4 [NAME] [MOBILE]

5 [NAME] [MOBILE]

6 [NAME] [MOBILE]

7 [NAME] [MOBILE]

8 [NAME] [MOBILE]

9 [NAME] [MOBILE]

10 [NAME] [MOBILE]

Organizer: ____________________ / [FULL NAME] / Date: [DATE]

Swaps of slots (both members sign): ______________________________________________

A savings agreement among members, not an investment. A paluwagan that promises interest or sells slots is what the SEC (Philippines) warns the public about.

Reply to this document or get a deadline reminder: https://layers.md/ph/paluwagan-template?from=reply-ph-paluwagan