SUSU, short for “sou-sou” or “susu,” is a traditional savings and lending system practiced in various cultures, particularly in Africa, the Caribbean, and some parts of Asia. It is a community-based financial arrangement where a group of individuals pools their money together and takes turns receiving the lump sum. Here’s how a typical SUSU money system works: SUSU money systems rely on trust, accountability, and a sense of community among the group members. It provides an informal means of saving and accessing funds for various purposes such as starting a business, paying for education, or addressing emergencies. It’s important to […]