This is how people bought big things before banks ran the show

John Pogue

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10d • General discussion

Imagine 10 people want a stove. Instead of debt, interest, or credit checks, they do this:

Everyone puts in the same amount each month• Month 1: Person #1 gets the full pot and buys the stove

Month 2: Person #2 gets it• Repeat until all 10 people have a stove. Same money.Same people. Zero interest.

This system is called a Rotating Savings and Credit Association (ROSCA).

It’s been used for generations around the world under different names:Susu. Tanda. Chit Fund. Paluwagan.

Here’s the lesson most people miss. Debt isn’t always a money problem. It's often a timing problem. Banks sell you speed…then charge you for it forever. Community systems delay gratification,but they eliminate interest, stress, and traps.

Question for you:Would you rather wait your turn…or pay extra just to have it now?

Drop a if this makes you rethink “normal” lending.

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