Money Go Rounds

Download or read book Money-Go-Rounds written by Shirley Ardener and published by Taylor & Francis. This book was released on 2024-11-01 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: On most continents - from the USA to Africa and Asia - various forms of rotating savings and credit associations (ROSCAs) serve men and women of the community, often as their major -- and sometimes their only -- savings institution. ROSCAs are self-help money-pooling associations with participants who agree to make regular contributions to a fund which is given, in whole or in part, to each contributor in rotation. Many ROSCAs have elaborate systems to cope with inflation, default and the distribution of benefits. In providing important social and welfare resources they constitute valuable social capital.This unique volume of case studies by an international group of experts, which examines ROSCAs on a worldwide basis, will be of interest to anyone studying or concerned with anthropology, economics, women's issues, and especially the welfare of the less developed countries and immigrant communities in 'the West'.