Definition, Meaning & Synonyms

susu

noun

/suːˈsuː/

Definition

Susu is a term originating from West Africa that refers to a form of savings and credit organization.

Examples

Many people in rural communities participate in a susu to save for education or medical expenses.
The local susu group meets every month to collect contributions.
By taking part in a susu, she managed to save enough money for a family vacation.

Meaning

In the context of finance, susu is a traditional savings club where members contribute money regularly for a set period, allowing each member to withdraw the total amount at designated times.