Susu (savings)
Encyclopedia
Susu is an informal means of collecting and saving money through a savings club or partnership as practiced in the Caribbean
and by immigrants to the United States from that area. The name may come from the West African Yoruba or Igbo word esusu or isusu which is translated as a pooling the funds. The funds are generally gathered with a set amount contributed from family or friends each week. An estimated 3/4 of Jamaican immigrants in New York participated in susus during the 1980s
Caribbean
The Caribbean is a crescent-shaped group of islands more than 2,000 miles long separating the Gulf of Mexico and the Caribbean Sea, to the west and south, from the Atlantic Ocean, to the east and north...
and by immigrants to the United States from that area. The name may come from the West African Yoruba or Igbo word esusu or isusu which is translated as a pooling the funds. The funds are generally gathered with a set amount contributed from family or friends each week. An estimated 3/4 of Jamaican immigrants in New York participated in susus during the 1980s
1980s
File:1980s decade montage.png|thumb|400px|From left, clockwise: The first Space Shuttle, Columbia, lifted off in 1981; American President Ronald Reagan and Soviet leader Mikhail Gorbachev eased tensions between the two superpowers, leading to the end of the Cold War; The Fall of the Berlin Wall in...