Every Esusu or thrift group has that one dramatic moment - when someone 'accidentally' spends the contribution money. Maybe it was for an emergency, or perhaps it was that irresistible aso-ebi for a cousin’s wedding. Whatever the excuse, the entire group suffers.
Esusu is a traditional savings and credit system commonly practiced in various African, Caribbean, and diaspora communities. It is also known by different names in different cultures, such as ajo (Yoruba), adashi (Hausa), susu (Caribbean), or tontine (Francophone Africa). The core concept revolves around group savings and financial cooperation.
Mama Jokotola knows this pain all too well. In her thrift group, one member disappeared with the group’s money and wasn’t seen for two years. Mama Jokotola cried bitterly - she had no other means to raise money for her business. That betrayal wasn’t just about the lost money; it shattered trust and left everyone in the group devastated.
With Mimonie, stories like Mama Jokotola’s become a thing of the past. The app ensures every contribution is tracked and recorded transparently. No one can run off with the group’s money, and members can see real-time updates on their savings. Mimonie isn’t just an app; it’s your safeguard against thrift group drama.
Protect your group’s hard-earned money with Mimonie. Download the app today and save without stress!