Banking co-ops run by Black women have a longtime legacy of helping people

Caroline Shenaz Hossein, March 2021

Read the complete document on: theconversation.com

Summary :

Ajo, Osusu, Sandooq, Chit or Arisan? These are cultural names for systems of mutual aid and collectivity — known by academics as rotating savings and credit associations, or ROSCAs for short.

ROSCAs are hidden forms of co-operatives that Black and racialized people practise all over the world, including in Canada and United States.

Sources :

theconversation.com/banking-co-ops-run-by-black-women-have-a-longtime-legacy-of-helping-people-155796