Most members are far more interested in joining a saving scheme such as partner or a work-based credit union than a bank. The only people who get financial prosperity when you put your money in the bank are the owners.
A bank is at most an OK place to keep money you have made – so you can write everyday checks and pay your monthly expenses, but it is not a strong place to grow your money.
Our Partner club has proven to be an effective ROSCA that has adapted well to the needs and culture of the members (It is a way of life).
Our member’s survey revealed these results:
- 92% of members reported no problem
- 99% had always received their draw on time