Osusu

Type of ROSCA in Africa

An osusu is a form of rotating savings and credit association found in Africa, for microfinancial capital accumulation. Osusus are the regional version of what in other places are called susus, tandas, or by other names. They are small groups such as in Sierra Leone 'where, for example, ten people put Le 5,000 in a pot and then one of the ten takes the resulting Le 50,000 for his or her own use, promising to put in Le 5,000 at the next group meeting to continue the process.' The word 'osusu' has its origin the Yoruba word 'Esusu' which means rotational savings.

This keyword could refer to multiple things. Here are some suggestions: