Example circle · Enugu
The Tuesday circle
8 people · $50 a week · a pot of $400
Ngozi takes the pot in2d 15:50:24
$247.00of $400
Ifeoma is short this round. The pot goes out a little light unless someone vouches.
Ngozi takes the pot in
2d 15:50:24
Round 3 of 8
You, this round
- Your jar
- $273.99
- covers 5 rounds
- Your turn
- 5th of 8
- in 2 rounds
- Put in so far
- $131.00
- in full, every round
- The pot pays
- $396
- $400 less 1%
In turn
- Amakatook $396
- Chiditook $396
- Ngozitakes it next
- Emekaturn 4 · selling $6
- Youturn 5
- Ifeomaturn 6 · short
- Obiturn 7
- Nkechiturn 8
Eight people. Fifty dollars a week. The pot runs itself.
The oldest way to save (esusu, tanda, chit, stokvel) with nobody holding the money and nobody keeping the notebook.
Everyone keeps a jar
Your share streams out of it by the second. There is no payment day to miss.
The pot fills in the open
Everyone watches it rise. Nobody holds it, nobody can dip into it.
It pays whoever is next
The second the round closes, in one payment. Then the circle moves on.
Short one week? It goes on the record. A friend can vouch for you, and a turn can be bought when you need the pot sooner.
Every circle
Each on its own clock, from Enugu to Oaxaca. Every one is an example, on the arithmetic the contract runs.
- Yours
The Tuesday circle
8 people · $50 a weekEnugu
Ngozi takes it in 2d 15:50:24
$247 of $4001 short
Las comadres
6 people · $30 a weekOaxaca
Tere takes it in 4d 21:36:00
$54 of $180all in full
Kiongozi Ladies’ Chama
10 people · $20 a weekNairobi
Nyambura takes it in 1d 01:12:00
$159 of $2001 short
Peninsula chit
12 people · $100 a monthChennai
Lakshmi takes it in 16d 12:00:00
$540 of $1,2001 for sale
Mbeki family stokvel
7 people · $40 every two weeksSoweto
Lerato takes it in 11d 04:48:00
$56 of $280all in full
Dockyard esusu
5 people · $200 a weekLagos
Funke takes it in 16:48:00
$870 of $1,0001 short
What happened
Pots paid, jars topped up, turns swapped, friends vouching. Nobody can edit a line of it.
Emeka will swap their turn for $6.00.
Auma will swap their turn for $3.00.
Vijay will swap their turn for $25.00.
The pot went to Dolores: $178.20, everyone in full.
The pot went to Thabo: $277.20, everyone in full.
The pot went to Chidi: $396.00, everyone in full.
The pot went to Atieno: $198.00, everyone in full.
The pot went to Segun: $990.00, everyone in full.
The people
One bead a round: solid when paid in full, hollow when short. It follows you to the next circle you join.
- 1You1 circle · 2 in full
- 2Achieng1 circle · 6 in full
- 3Adhiambo1 circle · 6 in full
- 4Akinyi1 circle · 6 in full
- 5Atieno1 circle · 6 in full
- 6Auma1 circle · 6 in full
- 7Njeri1 circle · 6 in full
- 8Nyambura1 circle · 6 in full