Tagged: Cameroon

KC Currents
12:43 pm
Mon October 4, 2010

Djanggi: A Cameroonian Approach to Collective Finance

Kansas City, MO – With the financial system still in turmoil, there's a very traditional alternative to loans that some Kansas Citians are using. Djanggi has its roots in the African country of Cameroon. There's similar practices in other parts of Africa and the Caribbean.

A djanggi group consists of people usually of the same sex, age and income level, who pool money together. Say there's a group of 10 people, and each member gives $100 to the pool every month. Then each month, one person takes home the $1000 pot.

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