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OMB APPROVAL 32350123SIOMBNumber:Expires: August31,2020 Estimated average burden19005403susu......ANNUMLhoursperresponse......12.00FORM X17A5 PART CLI FACINGInformationRequiredSecuritiesSEC FILE NUMBER 8PAGEof

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What is susu?

Susu is a traditional savings mechanism where a group of individuals contribute a fixed amount of money regularly to a pool, which is then distributed to one member of the group at a time.

Who is required to file susu?

Typically, individuals participating in a susu are not required to file anything. However, if the susu operates as a formal entity or business, the organizers may have to file relevant financial documents with the government.

How to fill out susu?

There is no official form for filling out a susu, but participants should maintain clear records of contributions and distributions. If a formal entity exists, standard business accounting practices should be followed.

What is the purpose of susu?

The purpose of susu is to help individuals save money collectively, providing financial support to members when they need it, thereby encouraging saving and financial discipline.

What information must be reported on susu?

Participants should report their contributions, distribution amounts, and the schedule of payments to maintain transparency and accountability within the group.

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