Welcome to the first episode of our podcast! Today, we dive into the world of rotational savings, also known as ROSCAs or "susu" in some cultures. These traditional savings groups have been helping communities manage money together for centuries, and they continue to be important in many cultures around the world.
We are excited to have two amazing guests on this maiden episode: Precious Ajose, a professional in the financial and accounting sector originally from Nigeria, now making her mark in Canada and Amanual Bisrat, a student of political science and public policy at the University of Toronto Scarborough, hailing from Ethiopia.
Together we share personal stories with these savings groups back home and discuss how rotational savings are being transformed to empower communities and foster financial wellness in Canada and beyond.
We chat about:
How rotational savings function in Nigeria, Ethiopia and Zambia.
The benefits and challenges ROSCA brings to families and communities.
How digital tools are modernizing traditional ROSCAs.
How Woveo is revolutionizing ROSCA practices in Canada.
The potential of rotational savings to empower financially underserved communities
The importance of maintaining cultural financial practices in diaspora communities
And lots more. If you enjoyed this episode, please subscribe to our channel, and share it with friends and family . We'd love to hear your thoughts and experiences so leave a comment below or reach out to us on social media.
Stay tuned for more episodes where we continue exploring empowering financial practices with guests from around the world!