Community savings groups are associations where people agree to save a certain amount periodically and deposit their savings into a shared account. Some groups offer small loans, too.
They’re popular all over the world, from West African Sou-sous to Mexican Tandas to Vietnamese Huis.
No matter where they are, community savings groups benefit people from all walks of life. They help you cultivate financial and economic security with people you trust, increase your savings, and borrow money without high-interest rates.