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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.
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Examples
The gold collected at Achin comes partly from the mountains in the neighbourhood but chiefly from Nalabu and susu.
The first is the Mande language group, which resembles Mandinka in structure, and includes Mende, Susu, Yalunka, Koranko, Kono, and Vai.
In Ghana, Barclays works with susu collectors, who gather money from small-scale market traders and keep it safe for them for a fee.
An iteration of communal lending, susu, is, however, known to have originated from Nigeria and spread to Ghana in the early part of the 20th century.
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.
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.

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