The Thrift (Ajo) System of Savings, also known as "Ajo" in Nigeria, is a traditional savings system that has been used by communities and families for generations. The system is based on the principle of regular, small contributions made by members into a collective pool, which is then used for investments or loans to members.

The Ajo system operates on the principles of mutual support, trust, and cooperation, and it provides a way for people to save and access credit without relying on formal banking institutions.

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