Income and Wages

Susu as a Vehicle to Advance Economic Mobility

The term Susu evolved from the Yoruba term ‘esusu’, which is used to represent the financial institution. It involves a group of people periodically contributing a specified amount of money into a fund, with each person taking turns getting the lump sum contributed weekly, monthly or so forth, until the cycle ends. This community banking method is based on trust. | From: Fun Times (Read more.)