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  • Rotating Saving and Credit Association: July Update 2020

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    Misheck D Banda
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    ROSCA is a rotating savings and credit association that requires mandatory monthly savings from members and calculates a cumulative loan value. Members save each month and can take a loan based on the cumulative loan value, allowing members to access larger sums of money than they could save individually.

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    ROSCA is a rotating savings and credit association that requires mandatory monthly savings from members and calculates a cumulative loan value. Members save each month and can take a loan based on the cumulative loan value, allowing members to access larger sums of money than they could save individually.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Rotating Saving and Credit Association: July Update 2020

    Uploaded by

    Misheck D Banda
    ROSCA is a rotating savings and credit association that requires mandatory monthly savings from members and calculates a cumulative loan value. Members save each month and can take a loan based on the cumulative loan value, allowing members to access larger sums of money than they could save individually.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Rotating Saving and Credit

    Association
    (ROSCA)

    July update 2020

    KEY

    MMS MANDATORY MONTHLY SAVING


    CLV CUMULATIVE LOAN VALUE

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