'Informal rotating savings club'
Family Pots are what’s usually called ‘informal rotating savings club’. They come in all shapes and sizes from communities all around the world. They are called cundinas (Mexico), susu/Osusu (West Africa and the Caribbean), hui (Asia), juntas (Peru), cuchubales (El Salvador and Guatemala), pollas (Chile), arisan (Indonesia), main kutu (Malaysia), pandeiros (Brazil), paluwagan (Philippines), Stokvel (South Africa), committee (Pakistan) or pardner (Jamaica). They all work in slightly different ways, but they're all about saving money together