The Caribbean Dictionary

Advertisment


su su
1 definition
9
Noun
A form of savings where a group of people pay an agreed sum of money on a periodic basis (usually monthly) and each period one member of the group takes all the money that has been paid (their share). This practice has been traced back to Yoruba credit system.
Tags
Pictures
anonymous Sep 16, 2012
It's sou sou
Jacqueline Aug 03, 2013
Usually referred to as a Meeting/Meeting Turn in Barbados
Belna Jun 22, 2015
baxhand, box hand
Kes Sep 02, 2015
We call it "box hand" in hand.
Okolo Oct 20, 2015
We call it partner
Mr E Jan 31, 2016
The word susu is also used in reference to rotating savings and credit associations in Ghana and the Caribbean.
Mr E Jan 31, 2016
They run their businesses from kiosks located in the market place and act as mobile bankers. Deposits, often of low but regular value, are usually taken on a daily basis over the course of a month. At the end of this period the susu collector returns the accumulated savings to the client but keeps one day's savings as commission. Susu collectors may also provide advances to their clients
Ariel Soonachan Mar 29, 2017
Sou sou
Ditan 18 hours ago
sou sou
400



Advertisment