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It's actually very widespread in all sorts of countries and cultures. There was a good Planet Money show that talked about it here: http://www.npr.org/blogs/mo
by mmmdelishus 13y ago
It's actually very widespread in all sorts of countries and cultures.
There was a good Planet Money show that talked about it here: http://www.npr.org/blogs/money/2013/06/18/193176928/episode-466-diy-finance http://www.npr.org/blogs/money/2013/06/18/193176928/episode-...
http://en.wikipedia.org/wiki/Susu_(savings) http://en.wikipedia.org/wiki/Susu_(savings)
- jdn 13y agoWhat is going on with that Wikipedia article. The first two sentences are written badly to the point of being incomprehensible.
- arrrg 13y agoIf you understand German (I couldn’t find the French version) you can also watch this about the same principle: https://www.youtube.com/watch?v=1A2LYK9x9eM&t=325s https://www.youtube.com/watch?v=1A2LYK9x9eM&t=325s It’s basically identical to the Susu in the Wikipedia article you linked to (and many of the same points are made in the radio and TV show), but this time it’s called a Tontine and it’s being used in France (imported from Africa): http://en.wikipedia.org/wiki/Tontine http://en.wikipedia.org/wiki/Tontine The Tontine described in that article is a bit different from what you were describing and from what Susu is – but the Tontine described in the TV show is basically identical to the one described in the radio show.