Calculate returns from thrift societies, cooperatives, and rotating savings groups (Ajo, Esusu, Susu, Tontine, Chama). Compare against bank savings.
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Frequently Asked Questions
What is Ajo/Esusu/Susu/Tontine?
These are names for rotating savings and credit associations (ROSCAs) across Africa: Ajo (Yoruba Nigeria), Esusu (Igbo Nigeria), Susu (Ghana/West Africa), Tontine (Francophone Africa), Chama (East Africa), Stokvel (South Africa). Members contribute a fixed amount each period, and one member receives the full pot in rotation. It is essentially enforced savings and zero-interest short-term lending between members.
Is rotating savings (Ajo/Susu) better than a bank?
It depends on your position. If you receive money first (position 1), you get an interest-free loan. If you're last (position N), you essentially provide interest-free loans to everyone else. The main benefit is the discipline of forced savings and community trust. For pure financial returns, a SACCO or MMF typically outperforms a ROSCA — but the social value of ROSCAs is significant.
What is a Stokvel (South Africa)?
A Stokvel is a South African savings club where members make regular contributions to a pool. There are different types: rotating stokvels (one member gets pot per period), grocery stokvels (pool buys groceries in bulk), party stokvels (pool funds celebrations). South Africa's stokvel sector manages over R50 billion annually.