Interesting read. I was only familiar with a bastardization that goes by the same name. An ex is from Liberia and while her mom now lives in the states she still sends money to contribute to a tontine.
They pool their money together and then rotate who it all goes to every month or some pet period.
Sounds like a scam run on the financially illiterate.
They pool their money together and then rotate who it all goes to every month or some pet period.
Sounds like a scam run on the financially illiterate.
https://www.modernghana.com/news/772009/tontine-microcredit-...