More on Susu and Microfinanace....yes we can
We at The Jedidiah Trust are going to reprint a series of notable articles on our microfinance and Susu to let our friends know how important and essential this aspect of our NGO is we will also be launching our pilot scheme in the Adansi North District in December so watch out for pictures. Thank you and enjoy the article. Susu Collection – The Ancient Version of Micro-Savings microfinance in ghana by Fehmeen Ahmed, the founder of the Microfinance Hub Blog. The term Bottom of the Pyramid should be synonymous to the word ‘resourcefulness’ because of all population segments, this group cannot afford to be otherwise. Low income groups are compelled by the paucity of assets and limited access to financial services to create viable solutions that serve their needs. An example of such ingenuity is the ‘susu collection’ service which is an ancient banking system in Ghana, worth USD 160 million . The model resembles microfinan...