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Group Contributions: How to Save as a Group in Nigeria | Bankly
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Group Contributions: How to Save as a Group in NigeriaGroup savingsGroup contributionsBankly appAdmin | July 31, 2024 3 minutes readDid you know that Ajo Thrift Contributions is also embedded in many cultures around the world? It is called "Susu" in Ghana, "Chama" in Kenya, and "Paluwagan" in the Philippines. It is a savings system passed down through generations and it allows people to pool resources together and achieve their common goals. This is a collective approach to money management that is guaranteed to create a strong sense of community among individuals in different parts of the world. The Ajo system of savings is rooted in the Nigerian culture and reinforces values like trust, solidarity, and community building. However, the system has proven to be unreliable in recent times due to cases of theft, abscondment, and more. Platforms like Bankly have digitized the Ajo thrift contributions system to enable transparent Group Contributions among friends, families, colleagues, cl...
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