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Esusu, a traditional savings and loan system often practiced in many African communities, offers several advantages. It fosters a sense of community and trust among participants, as members collectively contribute to a pool that provides financial support to individuals when needed. This system promotes savings discipline and can be more accessible compared to formal banking institutions, particularly for those without credit history or formal employment. Additionally, esusu often operates with minimal fees, making it an affordable option for financial management.

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1mo ago

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