A Rotating Savings and Credit Association (ROSCA) is a group of individuals who act as an alternative financial institution. Each person contributes money towards a common fund, and the funds rotate through members at regular intervals. The member who borrows the funds will eventually repay their portion back into the association so the next member can withdraw their share.
The Banker Ladies tells the stories of Ginelle, Aisha and Mabinty, three Black women in Toronto creating diverse financial services for their communities through Rotating Saving and Credit Associations (ROSCAs).
The LIFT Economy podcast interviews Claudia Arroyo of Prospera about how that organization works to empower Latina women through small business and cooperative values.
