Mia Mottley
๐ค SpeakerAppearances Over Time
Podcast Appearances
Susu.
And I then learned actually only a couple of weeks ago that in Nigeria, they call it, I think, isusu or something very similar.
Oh, so it's very similar in the, yeah.
In Barbados, we call it either susu or a meeting turn.
Yes, I love that.
So that you take your turn out of the meeting money.
And everybody puts in the piece.
And that is how families were sustained.
Exactly.
But when you look at what it's trying to do, it built the system where people realized on the smallest level, as black South Africans, they were unbanked.
They couldn't get loans.
They couldn't get access to any funds that would enable them to do something that required more money than they had at that moment.
But if they all put in a little bit,
each person every month was getting a lump sum.
And then some of it was kept aside in case there was a tragedy, like a funeral, a death that was unexpected, et cetera.
And then over time, and I've seen this happen in like some parts of Africa, some intrepid business people have realized that a market exists where people told them it didn't.
And they've gone in and said, hey,
We will bank you even though you are unbanked.
We will connect you to the financial systems.
You know, even the things you're talking about now.