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Rosca
A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regularly and take turns withdrawing accumulated sums. Economist F. J. A. Bouman described ROSCAs as "the poor man's bank, where money is not idle for long but changes hands rapidly, satisfying both consumption and production needs."F. J. A. Bouman, ''Indigenous savings & credit societies in the developing world'' in Von Pischke, Adams & Donald (eds.) ''Rural Financial Markets in the Developing World'', World Bank, Washington, 1983 Terminology ROSCAs are known by various names around the world, and some of those names become loanwords between languages, including various ones that have made their way into English, especially in regional usage. For example, ROSCAs are also known as '' tandas'' (or by other names) in Latin America, '' chamas'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanda (informal Loan Club)
In Latin America, a tanda is the regional version of a rotating savings and credit association (ROSCA). It is a form of a short-term no-interest loan among a group of friends and family. Terminology Such groups are operated globally, but have over 200 different names that vary from country to country. Some of those names become loanwords between languages. In the Romance languages of Latin America, other regional names for tandas include ''cundina'' (Mexico), '' susu'' (Caribbean islands), ''junta'' (Peru), ''sand'' (Venezuela), ''cuchubale'' (El Salvador and Guatemala), and ''polla'' (Chile), ''syndicate'' (Belize), as well as ''Pasar'', ''Quiniela'' and ''Sociedad'' (various locales). Structure The tanda is one of the most commonly followed informal associations in Mexico with 31% of the population actively participating in one. A tanda may be managed in different ways. The way it usually works is a group of people that know each other get together to collect money (either wee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saving
Saving is income not spent, or deferred Consumption (economics), consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring Cost, costs. Methods of saving include putting money in, for example, a savings account, a pension, pension account, an investment fund, or kept as cash. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher. Saving does not automatically include interest. ''Saving'' differs from ''savings''. The former refers to the act of not consuming one's assets, whereas the latter refers to either multiple opportunities to reduce costs; or one's assets in the form of cash. Saving refers to an activity occurring over time, a stock and flow, flow variable, whereas savings refers to something that exists at any one time, a stock and flow, stock variable. This disti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanomoshiko
Tanomoshiko (also spelt Tanomoshi-ko or Tanomosiko) () ("reliable group") is a variety of rotating savings and credit association (ROSCA) found in Japan. Historically these associations played a major role in the economic life of Japan and among the Japanese diaspora, and still survive on an informal basis in some parts of the country. Name ''Tanomoshi'' or ''Tanomoshiko'' (頼母子講) has also been called ''mujin'' (無尽) or ''moai'' (模合) in Japan. The name may be derived from ''tanomu'' meaning begging, or from ''tayori ni naru mono'' meaning reliance. History ''Tanomoshi'', denoting a locally organized social finance scheme, has existed in Japan at least since the middle Kamakura period (1185–1333). The principle was that each member would contribute a sum at regular intervals and would receive a single payment when their turn came round; it required mutual trust among those involved. The institution facilitated personal savings, investment in property and enterprise, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since 2023; and, since its independence in 1947, the world's most populous democracy. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations averag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mizoram
Mizoram is a states and union territories of India, state in northeastern India, with Aizawl as its Capital city, capital and largest city. It shares 722-kilometres (449 miles) of international borders with Bangladesh to the west, and Myanmar to the east and south, with domestic borders with the Indian states of Assam, Manipur, and Tripura. It covers an area of 21,087 square kilometres (8,139 sq mi). 91% of the area is covered by forests, making it Forest cover by state in India, the most heavily forested state in India. With an estimated population of 1.25 million in 2023, it is the List of states in India by past population, second least populated state in India. With an urbanisation rate of 51.5% it is the Urbanization in India, most urbanised state in northeast India, ranking fifth in urbanisation nationwide. One of the two official languages and most widely spoken tongue is Mizo language, Mizo, which serves as a lingua franca among various ethnic communities who speak a var ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manipur
Manipur () is a state in northeastern India with Imphal as its capital. It borders the Indian states of Assam to the west, Mizoram to the south, and Nagaland to the north and shares the international border with Myanmar, specifically the Sagaing Region to the east and Chin State to the southeast. Covering an area of 22,330 square kilometers (8,621 mi²), the state consists mostly of hilly terrain with the 1813-square-kilometre (700 mi²) Imphal Valley inhabited by the Meitei (Manipuri) community, historically a kingdom. Surrounding hills are home to Naga and Kuki-Zo communities, who speak Tibeto-Burman languages. The official language and lingua franca, Meitei (Manipuri), also belongs to the Tibeto-Burman family. During the days of the British Raj, Manipur was one of the princely states. Prior to the British departure in 1947, Manipur acceded to the Dominion of India, along with roughly 550 other princely states. In September 1949, the ruler of Manipur signed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanmar
Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has a population of about 55 million. It is bordered by India and Bangladesh to its northwest, China to its northeast, Laos and Thailand to its east and southeast, and the Andaman Sea and the Bay of Bengal to its south and southwest. The country's capital city is Naypyidaw, and its largest city is Yangon (formerly Rangoon). Early civilisations in the area included the Tibeto-Burman-speaking Pyu city-states in Upper Myanmar and the Mon kingdoms in Lower Myanmar. In the 9th century, the Bamar people entered the upper Irrawaddy River, Irrawaddy valley, and following the establishment of the Pagan Kingdom in the 1050s, the Burmese language and Culture of Myanmar, culture and Buddhism in Myanmar, Theravada Buddhism slowly became dominant in the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chin State
Chin State (, ) is a state in western Myanmar. Chin State is bordered by Sagaing Division and Magway Division to the east, Rakhine State to the south, the Chattogram Division of Bangladesh to the west, and the Indian states of Mizoram to the west and Manipur to the north. The population of Chin State is about 488,801 according to the 2014 census, and its capital city is Hakha. The state is named after the Chin people, an ethnic group native to Chin State and neighboring Rakhine State. Much of the state is mountainous and sparsely populated, with few transportation links and low levels of economic development. It also has Myanmar's highest poverty rate, at 58%, according to a 2017 report. History Early history Situated in the remote hilly region of the Chin Hills, Chin State was traditionally autonomous and far from their neighboring powers like Burman kingdoms in the east and Indian states in the west to reach. Until the British advancement in the region, independent ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zogam
Zo nationalism is an ethnic nationalist movement among the Zo people – a broad umbrella of interrelated tribes broadly comprising Zomi, Mizo Chin, and Kuki, whose traditional homelands span Northeast India (Mizoram, Manipur and Tripura states), Western Myanmar (Chin State) and Bangladesh (Chittagong Hill Tracts). These Zo tribes share a common Tibeto-Burman linguistic and cultural ancestry. As one study notes: "a majority of the Zo population lives in Manipur and Mizoram in Northeast India, Bangladesh, and Chin State of Myanmar". Major Zo subgroups include the Chin of Myanmar, the Mizos (Lushai) of Mizoram, the Zomi Zomi is a collective identity adopted by some of the Kuki-Chin language-speaking people in India and Myanmar. The term means " Zo people". The groups adopting the Zomi identity reject the conventional labels " Kuki" and "Chin", popularised durin ... of Manipur and Chin State, the various Kuki clans of Manipur and Bangladesh, and numerous clans ( Hmar, Gangt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the south and southwest. The sovereign state is separated from the Comoros, Mayotte, and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and dialect. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of the Portuguese Empire, Portuguese, who began a gradual process of colonisation and settlement in 1505. After over four centuries of Portuguese Mozambique, Portuguese rule, Mozambique Mozambican War of Indepen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Republic Of The Congo
The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is the List of African countries by area, second-largest country in Africa and the List of countries and dependencies by area, 11th-largest in the world. With a population of around 112 million, the DR Congo is the most populous nominally List of countries and territories where French is an official language, Francophone country in the world. Belgian French, French is the official and most widely spoken language, though there are Languages of the Democratic Republic of the Congo, over 200 indigenous languages. The national capital and largest city is Kinshasa, which is also the economic center. The country is bordered by the Republic of the Congo, the Cabinda Province, Cabinda exclave of Angola, and the South Atlantic Ocean to the west; the Cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Likelemba
{{Unreferenced, date=April 2023 Likelemba is an African solidarity savings mechanism, a type of ROSCA (rotating savings and credit association A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regula ...), where several members put a certain sum of money in a "pot" and, every month, the total amount contained in the pot is then disbursed to one of the participating members. Example Twelve people - typically women - put 100€ every month in their "likelemba pot". * Month 1, member 1 - normally chosen by chance - gets 11 x 100€ = 1,100 €. * Month 2, another member gets elected and rewarded with the 1,100 €, etc. Benefits The secret of the success of likelemba is its simplicity and formula whereby a lot of small amounts that every member can easily spare make one big prize. The winner h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
