Tue, 2019-12-17 01:16
JEDDAH: A rotating savings and credit association (ROSCA) is a financial management and saving tool that is popular in Saudi society and usually operated among friends and family. However, ROSCAs can fail due to their randomness, poor management and lack of commitment.
A ROSCA consists of a group of individuals, usually acting as an informal financial institution in the form of an alternative financial vehicle, which functions via set contributions and withdrawals among its members.
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