Appearance
Use device theme  
Dark theme
Light theme

What is a susu?

What is a susu? Here are some definitions.

Noun
  1. (finance) An informal money pooling scheme practised in Africa, the Caribbean, and some immigrant communities.
Find more words!
Use * for blank tiles (max 2) Advanced Search Advanced Search
Use * for blank spaces Advanced Search
Advanced Word Finder
Examples
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.

See Also

Nearby Definitions
4-letter Words Starting With
Find Definitions
go
Word Tools Finders & Helpers Apps More Synonyms
Copyright WordHippo © 2024