Susu
Account
Susu account is a
type of informal savings account designed to help individuals, especially market traders, small business owners, and people in the informal sectors to save
small amounts of money regularly over a specific period.
Key
Features
- Daily, weekly, or monthly micro-savings contributions
- Funds are saved securely in the bank rather than in informal groups
- At the end of the cycle, the total savings can be withdrawn or rolled over
- Ability to use funds in the account as collateral for loan
