In terms of informal financial institutions, we were able to observe moneylenders, credit groups, and the susu system. |
Over the next two centuries, the Susu gained control of the coast by building a series of small states based on clan and town affiliation. |
Both the term esusu and the practice have persisted to this day, as esu in the Bahamas, susu in Tobago or sou in Trinidad. |
In West Africa, susu or esusu collectors provide access to credit as well as the possibility to save and withdraw money for a small fee. |
In Ghana, Barclays works with susu collectors, who gather money from small-scale market traders and keep it safe for them for a fee. |
The gold collected at Achin comes partly from the mountains in the neighbourhood but chiefly from Nalabu and susu. |