sou-sou

British  

/ ˈsuːsuː /

noun

1. an arrangement made among friends whereby each person makes regular contributions to a fund, the money being drawn out periodically by each individual in turn

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Etymology

Origin of sou-sou

probably of W African origin, influenced by French sou small coin, via Creole

Example Sentences

The practice carries many names worldwide and among American immigrant communities, including tanda, sou-sou or tontine.

From Seattle Times • Jun. 22, 2022

The sou-sou can appear to be a success because early participants share testimonies of their substantial gains.

From Washington Post • Aug. 7, 2020

Although not commenting directly about the sou-sou or gifting circles, IRS spokesman Eric Smith said that under federal tax law, all income is taxable unless specifically exempted.

From Washington Post • Aug. 7, 2020

Promoters pitch the sou-sou as a common practice among Caribbean and African immigrants as a way to help their businesses grow.

From Washington Post • Aug. 7, 2020

It’s hard not to be sold on the altruistic and cultural backstory of the sou-sou, also known as “Susu,” “blessing loom” or “gifting circle.”

From Washington Post • Aug. 7, 2020