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A susu or sou-sou or osusu or asue (also known as a merry-go-round, [1] Partner, or Pawdna in Jamaica; [2] sol in Haiti;, [3] san in Dominican Republic, [4] and Njangi in Cameroon [5]) is a form of rotating savings and credit association, a type of informal savings club arrangement between a small group of people who take turns by throwing hand as the partners call it.
Susu collectors are represented by an apex organisation, with whom 850 are registered, though it is estimated another 150 unregistered collectors operate in the North. Whereas banks in Ghana offer high-value, long-term loans, Susu collectors can offer low-value advances or credit in the short term (usually less than a month) that is interest free.
Hui (traditional Chinese: 會; simplified Chinese: 会; pinyin: huì; Vietnamese: hụi; lit. 'group, association') refers to a group-based rotating saving and credit scheme that is popular among many immigrant and migrant communities throughout the United States [1] and Taiwan. [2]
The Federal Home Loan Bank Act of 1932 established the Federal Home Loan Bank System, a network of 11 (originally 12) government-sponsored entities designed to fund and support member home-lending ...
SoFi began in 2011 as a student-focused lender but has since expanded to offer personal loans and other banking services. LendingClub was founded in 2006 as a peer-to-peer lending platform.
The U.S. Education Department on Friday announced it will forgive student loans for more than 1,800 borrowers who attended a trio of for-profit colleges that made false recruiting claims and left ...
Such groups are operated globally, but have over 200 different names that vary from country to country. [2] [3] Some of those names become loanwords between languages.In the Romance languages of Latin America, other regional names for tandas include cundina (Mexico), susu (Caribbean islands), junta (Peru), sand (Venezuela), cuchubale (El Salvador and Guatemala), [4] and polla (Chile ...
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