#rotating_savings_and_credit_association
Rotating savings and credit association
Form of peer-to-peer banking
A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regularly and take turns withdrawing accumulated sums.
Sun 25th
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