# Forms and Calculations

### Table Banking Forms

Joyful Women has designed a number of forms to facilitate smooth table banking operations. These include:

The forms should be arranged from the back of the file, as follows:

• Group registration certificate;
• Individual member registration forms;
• Individual LTL form;
• Group STL form;
• Monthly performance form for the month;
• Monthly performance form for the next month with carry forward loans and savings updates from the previous month.

### Key Calculations

The following are some of the calculations that an officer must be familiar with:

• Total Revolving Fund [TRF]

TRF = Sum of {Savings + STL +LTL + External Funding}

• Accumulated Profit [AP]

AP = TRF – [Total Savings + Boosters + External funds]

• Net Profit [NP]

NP = AP – {Boosters/2}

• 2% Bonus

This is an amount of money added to one’s shares. It is calculated quarterly, at 2% of the total short-term loan that one has advanced within these three months.

• Boosters

Amount Due =Total individual member’s boosters contribution X 150/100

### Computation of Dividends

• Find average shares of an individual by taking the alternate six months’ savings then divide by six to get the average;
• Sum downwards to get total average shares’
• Calculate the TRFs on the back page. To find TRF [LTL balance + STL+ STL in default + banking];
• Find gross profit by deducting Boosters + Interest on Boosters + any externally sourced funds;
• Derive the net profit from G.P by deducting total shares of members as at November;
• N.P x the given percentage to get profit to share out;
• Profit to share out divide by total average shares x 100 to get the rate;
• Use the rate above to determine the amount of dividends of each member by multiplying with the average share of each member.