The sign mark is a Latin American term for informally saving and crediting associations (ROSCAS). They are operated globally, but have more than 200 different names that differ from country to country. They are also known as cundinas (Mexico), milk/Osusu (West Africa and Caribbean), hui (Asia), junte (Peru), cuchubales (El Salvador and Guatemala), pollas (Chile), pandeiros (Brazil), haste (Philippines), Stokvel (South Africa) or quiniela . The English name for such an association is partnerhand . In short, the sign is a form of short-term interest-free loans among friends.
A mark can be managed in different ways. How it works is usually a group of people who know each other gather to collect money (either weekly, monthly, annual) to help each other financially. Participants can come up with any rules as long as they benefit the group. There is usually a certain amount of money and the number of people in the group they all agree to get cash immediately. When they come to the agreement who will be given the Signs and how many (whether weekly, monthly, yearly), they must come in the order of who will receive the money. Participants can draw a number or make a decision who most needs money. It all depends on group decisions.
For example, a sign is made between ten friends and family. Each member gives the group manager $ 100 USD every two weeks. At the end of the month, one participant gets a "pot", $ 2000. This continues until every member receives the pot.
Tandas were formed for various reasons, but often because at least one member needed money to repay the debt immediately, or an emergency arose. But they can also be formed without an urgent financial obligation.
Among Mexicans, these forms of informal savings associations play an important role that sustains the livelihoods of many people living in Mexico and the United States. Importantly, it is a significant cultural practice among other Latino and Chicano populations in the US According to cultural anthropologist Carlos VÃÆ'Ã… © lez-IbÃÆ'¡ÃÆ' Â ± ezÃ, the first scholar to critically examine this cultural practice among Mexicans - based on mutual trust, or confianza . As VÃÆ' Â © lez-IbÃÆ'¡ÃÆ' Â ± ez explains, confianza "forms the hope for relationships within a wide network of interpersonal relationships, where proximity, help, goods, services, emotions, power, or information are redeemed ".
Although it may plainly play an important economic role in people's lives, it also serves an important social and emotional function in everyday human life. According to anthropologist Lourdes Gutierrez Najera, it is common among Oijacacan migrants.
For women, in particular, demanding social networking and making them feel less isolated in Los Angeles. As the women she quoted jokingly suggested, "the only reason women participate in demolition is for gossip, otherwise it does not make sense." As a result, participating in a confluence of separation from their hometown, Yalalag, is more tolerable. Importantly, they also help migrants save money.
The younger generation created a company that modernized Tandas with an online platform. Many of these platforms solve problems generated by traditional Alerts, such as Transparency, Organization, localization & amp; money collection and distribution methods. One of these companies is Moneyfellows and more, they provide online solutions to collect cash, they make it global and fully transparent.
Video Tanda (informal loan club)
References
Source of the article : Wikipedia
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