The many sides to the traditional saving scheme; let’s talk about two

Mr A : I have no debts hanging on my neck, it’s safe to say that I am worth * checks account Balance * 600k .

Me : shey you will not tag me a kill Joy like this ...let me tell you something
A thread

Me : Ehn , I’m not trying to ruin your day o but have you forgotten that you were first to “ collect Ajo “ .

Dear Reader , Ajo is a contributory saving scheme where a group of people put together a certain amount either daily, weekly or monthly.

and then take turns to receive the bulk of what the total contribution will be . It’s also known as “Esusu or Adashe” . It’s usually practiced in Nigeria.

Back to my conversation with Mr A.

Me : you collected a total of 500k in January and don’t forget we are ten in the group contributing 50k each. It’s just may. Therefore , you’re owing 250k I.e 50k for every month from June to October 2020. You should review that your NET - WORTH

Mr A : you’re the one to collect in October right ? You’re so lucky !!!

Me : Yes o ! I can’t wait for my 500k to land in October. It’s safe to put you in my books as one of my Debtors .

Next time you’re planning to do Esusu/Ajo , remember that “collecting” early can be a sweetbitter and “collecting “ last can be a bittersweet experience . Except of course, the administrator runs away with the money then ....Motor has Jammed you.

You are seeing this because you read to the end , tell me your own Ajo/Esusu/ Adashe Experience