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Forum nameGeneral Discussion
Topic subjectI grew up with my family having sou-sou groups (West Indian)
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13391423&mesg_id=13391440
13391440, I grew up with my family having sou-sou groups (West Indian)
Posted by Cornbread, Tue Jun-30-20 03:55 PM
It was great for a lot of family members that did not have easy access to banks and capital and that needed some added incentive to save consistently.

Many immigrant communities currently use sou-sou groups to make down-payments on houses and businesses.

The biggest thing is doing it with people you trust.

https://thegrio.com/2011/05/20/sou-sou-black-immigrants-bring-savings-club-stateside/

https://blavity.com/can-pooling-money-via-sou-sous-in-the-black-community-give-us-the-financial-boost-we-need?category1=black-history&subCat=community-submitted