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What do you think of weekly thrift contributions as savings?
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[QUOTE="Etini, post: 341350, member: 90141"] There is a kind of savings scheme in my place called contributions. It involves people coming together in a specified number to contribute a particular sum of money into a central purse within a specified period. It could be weekly or monthly. A member of the group takes the whole contribution every round that contribution is made, after which another member takes same too, till it goes round for every member. It has the unique advantage of helping the members of the group save money and provide bulk funds for members to use for capital projects. Do you have thrift contributions in your country? How is it run? Have you ever been part of one? [/QUOTE]
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What do you think of weekly thrift contributions as savings?
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