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

The type of fraudulent schemes alleged in the complaint go by various names — sou-sou, gifting circle, money board, or blessing loom.

From Washington Post

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

From Washington Post

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

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