Jeffry Ashe
, Faculty, Columbia University, Director Grassroots Finance Action, United States
29 January 2025
All of this without a word on what is arguably the largest financial incusion approach in the world, the half billion or so who are part of ROSCAS where they mobilize useful lumps of saving to move their lives forward in villages and markets around the world. These same ROSCAS used in immigrant communities are often the principal tool for taking care of daily needs given the volitility of their income initially and later for launching businesses, purchasing housing and more. See our book on immigrant ROSCAS published by Practical Action: "Backyard Bankers: Immigrants, Money Clubs and the Pursuit of the American Dream." Our projects show that with strategic nudging the leaders of existing ROSCAS organize and manage new ones where only a fifth to a half had ever been part of one of these groups. See, grassrootsfinanceaction.org
All of this without a word on what is arguably the largest financial incusion approach in the world, the half billion or so who are part of ROSCAS where they mobilize useful lumps of saving to move their lives forward in villages and markets around the world. These same ROSCAS used in immigrant communities are often the principal tool for taking care of daily needs given the volitility of their income initially and later for launching businesses, purchasing housing and more. See our book on immigrant ROSCAS published by Practical Action: "Backyard Bankers: Immigrants, Money Clubs and the Pursuit of the American Dream." Our projects show that with strategic nudging the leaders of existing ROSCAS organize and manage new ones where only a fifth to a half had ever been part of one of these groups. See, grassrootsfinanceaction.org