The SUSU App: Savings Circle

By BigE Solutions LLC on AppTrack Ninja.

Group money pot, paid in turns

Save as a group, and take turns getting paid. The SuSu App runs the savings circle your family has probably always done by hand — susu, ROSCA, esusu, tanda, or a savings club. Everyone contributes the same amount on the same schedule. Each round, one member receives the pot. When everyone has had a turn, the circle is complete. DONE BY HAND, IT'S THE ADMIN THAT KILLS IT Someone is always chasing late payers. Someone else is asking "did you pay yet?" for the third time. And one person is sitting on everyone else's savings — usually the most organised friend, who never asked to become a bank an…

Categories: Finance

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