In Ghana, a centuries-old financial system called Susu provides an example of effective bottom-up development that contributes meaningfully to reducing poverty and economic inequality.
Canadian members of the African diaspora make use of traditional forms of group savings, known as susu, to overcome financial and cultural exclusion in the mainstream system.
The Small Business Administration’s rules prevent it from helping most employee- and consumer-owned cooperatives, even though Congress specifically asked it to.
David Hincapie of the US Small Business Administration (SBA) discusses the process for cooperatives to apply for an economic injury disaster loan to survive and recover from the COVID-19 pandemic.