susu

noun — 2 senses

susu

nounalso spelled Susu

Etymology Possibly from West African Igbo isusu / esusu (“pooling the funds”) or Yoruba esúsú (“revolving loan fund”).

1

Business, Finance An informal money pooling scheme practised in Africa, the Caribbean, and some immigrant communities.

  • The informal credit sector has been very active in Ghana and covers a range of activities known as susu, including individual savings […]2004, Mr. Rodolphe Blavy, Mr. Anupam Basu, Dr. Murat  Yülek, Microfinance in Africa: Experience and Lessons From Selected African Countries, International Monetary Fund, →ISBN, page 9:
  • Irene empathized with her susu members as immigrants who were earning low wages in New York, but there appeared to be some socioeconomic advantages to being an organizer that she was not acknowledging.2011, Tamara Mose Brown, Raising Brooklyn: Nannies, Childcare, and Caribbeans Creating Community, NYU Press, →ISBN, page 128:

Susu

noun
1

A Mande ethnic group living primarily in Guinea.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — authors: page histories for susu and Susu.