Susu Savings Collectors - Competition or Cooperation in Benin?
The name is believed to originate from the Akan word meaning "small small". Susu Savings Collectors - Competition or Cooperation in
In many West African urban centers, specialized "collectors" visit clients daily to collect small deposits for a nominal fee, acting as mobile microfinance intermediaries. Economic and Social Impact or monthly). In each cycle
Traditional systems usually do not charge interest or seek profit; the goal is mutual aid and providing members with a lump sum for large expenses like school fees, business capital, or ceremonies. Susu Savings Collectors - Competition or Cooperation in
Members contribute a fixed amount (daily, weekly, or monthly). In each cycle, one member receives the entire "hand" or "pot" of funds.