In many West African urban centers, specialized "collectors" visit clients daily to collect small deposits for a nominal fee, acting as mobile microfinance intermediaries. Economic and Social Impact
Traditional systems usually do not charge interest or seek profit; the goal is mutual aid and providing members with a lump sum for large expenses like school fees, business capital, or ceremonies. In many West African urban centers, specialized "collectors"
Members contribute a fixed amount (daily, weekly, or monthly). In each cycle, one member receives the entire "hand" or "pot" of funds. In many West African urban centers
The name is believed to originate from the Akan word meaning "small small". or monthly). In each cycle
