Question

outline one advantage and one disadvantage of the sou sou (meeting turn) as a form of saving​

Answer 1

A susu or sou-sou or ‘’’asue’’’ (also known as a merry-go-round[1])is a form of rotating savings and credit association, a type of informal savings club arrangement between a small group of people who take turns by "throwing hand", as the partners call it. The name is used in Africa (especially West Africa) and the Caribbean. The basic principle is that each member of the group makes a standard contribution to a common fund once per time period. Then each period the total contributions are disbursed to a single member of the group. The recipient changes each period in a rotating fashion such that all the members of the group are eventually recipients.

Answer 2

Answer:

Advantage - It acts as a saving club as you get a lump form.

Disadvantage - it leads to many crypto scams.

Explanation:

• A susu or sou-sou or asue (also known as a carousel,partner, pawdna in Jamaica and sol in Haiti.
• It is a type of rotating savings and credit union, often referred to as an informal savings club.
• Kind of an arrangement between a small group of people who take turns throwing their hands up, as the partners call it.
• This name is used in Africa (especially West Africa) and the Caribbean.
• The rationale is that each member of the group makes a standard contribution to the common fund, once per period he does.
• Total contributions are then paid to her one member of the group each period.
• Recipients rotate each period so that all members of the group end up as recipients.
• Susu participants do not make a profit, but receive contributions as a lump sum, a kind of savings union.

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