Question 1

What is Esusu?

Accepted Answer

Esusu is a traditional West African cooperative savings system where a group of people contribute a fixed amount of money at regular intervals, and the entire pooled sum is given to one member each cycle. EsusuOnline digitizes this system so groups can save together securely at esusuonline.org.

Question 2

What is Ajo savings?

Accepted Answer

Ajo is a Nigerian rotating savings and credit association (ROSCA) where members contribute money regularly and take turns receiving the lump sum. EsusuOnline provides a trusted digital platform for running Ajo savings groups online.

Question 3

What is Adashe?

Accepted Answer

Adashe is the Hausa name for a traditional rotating savings group common in northern Nigeria, similar to Ajo and Esusu. EsusuOnline supports these cooperative savings formats digitally, with automated contribution tracking and payout scheduling.

Question 4

What is a thrift savings club?

Accepted Answer

A thrift savings club (also called a thrift contribution group) is a cooperative savings arrangement where members pool money together and receive payouts in rotation. EsusuOnline is a digital thrift savings platform where you can create or join a savings circle online.

Question 5

What is a savings circle?

Accepted Answer

A savings circle is a group savings model where members contribute a set amount each period and one member receives the full pool. It is also called a ROSCA (Rotating Savings and Credit Association). EsusuOnline makes savings circles digital, transparent, and safe.

Question 6

Is there a digital Esusu app in Nigeria?

Accepted Answer

Yes. EsusuOnline (esusuonline.org) is a Nigeria-focused digital platform for running Esusu, Ajo, Adashe, and thrift savings groups online. It provides automated contribution tracking, payout scheduling, trust tiers, and agent support.

Question 7

How does rotating savings work online?

Accepted Answer

With EsusuOnline, members join a savings slot, agree on a contribution amount and frequency, and contributions are tracked digitally. Each cycle, one member receives the pooled amount. The platform enforces rules, sends reminders, and provides transparent records for all members.