Kwame's Use of a Susu for Land Purchase and Incremental Building
Kwame's strategy for building a house without a mortgage exemplifies a common approach in economies with limited formal credit. He first joined a rotating savings association (susu) to accumulate the capital needed to purchase land. After securing the land, he began the second phase: constructing the house incrementally over several years, adding to it whenever he had sufficient funds.
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Kwame's Use of a Susu for Land Purchase and Incremental Building
Kwame's Use of a Susu for Land Purchase and Incremental Building