What do you understand by the
word ‘tanda’?
Answers
Answered by
1
Answer:
A tanda is a rotating savings and credit association for a group of friends or relatives.
The members of the group get together regularly to contribute a certain amount of money to a pool that is then given to one of the members.
A tanda offers early recipients the equivalent of an interest-free loan.
Explanation:
Answered by
4
Answer:
A Tanda is the Latin American term for an informal rotating savings and credit association (ROSCAS). They are operated globally, but have over 200 different names that vary from country to country.
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