What is a ROSCA?
A ROSCA (Rotating Savings and Credit Association) is a group of people who each contribute a fixed amount to a shared pot at regular intervals. Each cycle, one member receives the full pot. Everyone gets a turn. It's known as Susu in West Africa, Tanda in Mexico, Chit fund in India, and dozens of other names worldwide.
How a ROSCA works
Members agree on the amount, frequency, and rotation order. On each round, one member receives the pool. The cycle repeats until every member has received once.
Why they persist across cultures
ROSCAs work because they combine forced saving, community accountability, and access to lump sums without formal credit. Cited in economic research from Ardener (1964) onward.
How Squirrelll.ing modernizes the model
The Daily Pool takes the ROSCA idea and adapts it: contributions are tiny and daily, selection is random per region, and everything is automated.
Frequently Asked Questions
No. In a ROSCA every member eventually receives (or in the Daily Pool, everyone has a fair, daily chance without needing to "bet").
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