Merry-go-round savings
June 5, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Being a widow in Africa often means poverty. Few help them so they are learning to help each other.
V We talked with widows who’ve formed what they call a Merry-Go- Round. They meet regularly and each puts a designated amount of shillings in their savings bag. This may be less than a dollar. But the savings accumulate. Each month the savings go to a different widow in a prescribed order. She buys food, pays a school fee, depending on her needs or investing in a business. They may be selling from their garden, cooking for someone, earning a little.
M Imagine the sense of community these widows develop. Imagine the example they set for others in poverty. God sees, God blesses.