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ROSCA

/ˈrɑskə/ /ˈrɒskə/
noun
GeneralFinance
  1. 1 ROSCA
  2. 2 çantacı sistemi

Definition (English)

  1. A group where members regularly contribute money to a common fund, and each member takes the entire fund in turn, often used for savings and credit.
  2. An informal financial arrangement where people pool their savings and distribute the total amount to one member at a time on a rotating basis.

Example Sentences

  1. She joined a ROSCA to save for a new sewing machine.
    Yeni bir dikiş makinesi almak için bir ROSCA'ya katıldı.
  2. The ROSCA helped many women start small businesses.
    ROSCA, birçok kadının küçük işletmeler kurmasına yardımcı oldu.

Collocations

join a roscarosca grouprosca contributionrosca memberrosca fundrosca savings

Related Words

savingscreditcommunity financemicrofinanceinformal lendingmoney management