Differences

This shows you the differences between two versions of the page.

--- rosc:roscas [2025/12/05 10:40] – created - external edit 127.0.0.1
+++ rosc:roscas [2025/12/19 14:39] (current) – dave
@@ Line 38: / Line 38: @@
 <caption>
-All over the world, ROSCAs are most usually founded and run by women – like chit funds in India.
+_All over the world, ROSCAs are most usually founded and run by women – like chit funds in India._
 </caption>
@@ Line 44: / Line 44: @@
 </figure>
 </WRAP>
 ### History
@@ Line 57: / Line 56: @@
 <caption>
-Savings clubs were the seeds for building societies, co-operatives, and may well be the seeds for future commons / mutual / community-ownership movements.
+_Savings clubs were the seeds for building societies, co-operatives, and may well be the seeds for future commons / mutual / community-ownership movements._
 </caption>
@@ Line 64: / Line 63: @@
 </WRAP>
-Savings clubs were the 'seeds' of the [building societies](/buil/building_societies) (money was pooled for members to be able to buy houses) and quite possibly the entire [co-operative movement](/coop/co-operatives). 'Didlum' groups started to appear for the same reasons that co-operative and mutual societies did – the hardships being experienced by working-class communities in the growing industrial cities of the early 19th century, with the poor laws and enclosures pushing people off the land, where they could have supported themselves. Savings clubs led to bulk-purchasing shops and then co-operative and mutual societies themselves.
+Savings clubs were the 'seeds' of the [building societies](/bsoc/building_societies) (money was pooled for members to be able to buy houses) and quite possibly the entire [co-operative movement](/coop/co-operatives). 'Didlum' groups started to appear for the same reasons that co-operative and mutual societies did – the hardships being experienced by working-class communities in the growing industrial cities of the early 19th century, with the poor laws and enclosures pushing people off the land, where they could have supported themselves. Savings clubs led to bulk-purchasing shops and then co-operative and mutual societies themselves.
 When you look at modern large co-op movements like [SEWA in India](https://www.sewafederation.org/) or [Mondragon](https://en.wikipedia.org/wiki/Mondragon_Corporation) in the Basque Country, they really started to take off when they created a community bank. It was because of this pooling of community resources that they were able to invest in themselves, so that they could de-couple from the capitalist banking and shareholding model.
@@ Line 76: / Line 75: @@
 <caption>
--minute intro to ROSCAs.
+_15-minute intro to ROSCAs._
 </caption>
@@ Line 97: / Line 96: @@
 <caption>
-They do.
+_They do._
 </caption>
@@ Line 122: / Line 121: @@
 <caption>
-There are ROSCA apps / online ROSCAs, but please avoid corporate versions – there's no need for the corporate sector to take a cut.
+_There are ROSCA apps / online ROSCAs, but please avoid corporate versions – there's no need for the corporate sector to take a cut._
 </caption>
@@ Line 150: / Line 149: @@
 ### Democracy / decentralising power away from corporations
-ROSCAs do this directly, by taking business away from corporate banks. Providing things for ourselves in communities helps prevent extraction, decentralises power away from corporations (which makes it more difficult for them to [corrupt democracy](/thde/the_democracy_problem)) and democratises work.
+ROSCAs do this directly, by taking business away from corporate banks. Providing things for ourselves in communities helps prevent extraction, decentralises power away from corporations (which makes it more difficult for them to [corrupt democracy](/demo/democracy)) and democratises work.
 As mentioned above, they provided the seed for various mutual / commons movements. They can seed all kinds of mutual aid / [commons](/coec/commons_economy) institutions / community development in the future too.
@@ Line 160: / Line 159: @@
 <caption>
-there's no interest involved with ROSCAs, which means they can work well in muslim communities, were interest (usury) is banned.
+_there's no interest involved with ROSCAs, which means they can work well in muslim communities, were interest (usury) is banned._
 </caption>
@@ Line 181: / Line 180: @@
 <caption>
-ROSCAs can help members start a business.
+_ROSCAs can help members start a business._
 </caption>
@@ Line 214: / Line 213: @@
 <caption>
-Saving clubs in Kenya are called chamas, and virtually everyone is involved with one. This made it much easier for [the Sarafu Network to introduce mutual credit trading in Kenya](http://lowimpactorg.onyx-sites.io/posts/how-chamas-mutual-credit-changing-africa/).
+_Saving clubs in Kenya are called chamas, and virtually everyone is involved with one. This made it much easier for [the Sarafu Network to introduce mutual credit trading in Kenya](http://lowimpactorg.onyx-sites.io/posts/how-chamas-mutual-credit-changing-africa/)._
 </caption>
@@ Line 237: / Line 236: @@
 <caption>
-More names, from kin.coop
+_More names, from kin.coop_
 </caption>
@@ Line 249: / Line 248: @@
 - [ROSCAs as an Islamic micro-finance vehicle](http://lowimpactorg.onyx-sites.io/wp-content/uploads/roscas-and-islamic-finance.pdf)
 - [Bank of England](https://www.bankofengland.co.uk/museum/whats-on/pardner-hand): resources from an exhibition about 'pardner hand' - ROSCA of the Windrush generation in the UK - including articles, interviews and free school resources
+- [Wikipedia](https://en.wikipedia.org/wiki/Rotating_savings_and_credit_association)
+- [Science Direct](https://www.sciencedirect.com/science/article/pii/S2772655X23000393) - ROSCAs: a scoping review
+- [Oxford Academic](https://academic.oup.com/book/38811/chapter-abstract/337654970?redirectedFrom=fulltext) - an introduction to ROSCAs as living proof of diverse community economies
-## Specialist(s)
+## Specialist curators of this topic