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Susu Box or Piggy Bank: Assessing Cultural Commonsense Knowledge between Ghana and the U.S. Christabel Acquaye Haozhe An Rachel Rudinger University of Maryland, College Park cacquaye, haozhe, rudinger@umd.eduAbstractOriginal
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A susu box, also known as a piggy, is a traditional saving scheme where a group of individuals contribute a fixed amount of money regularly to create a pool that one member can take turns borrowing.
Individuals participating in the susu box or piggy system, especially if they are operating it as a business or in large groups, may be required to file for regulatory purposes.
Filling out a susu box or piggy typically involves documenting contributions and withdrawals in a ledger, ensuring transparency among participants.
The purpose of a susu box or piggy is to encourage savings among members and provide them access to larger sums of money on a rotating basis.
Information that must be reported includes the names of contributors, their contribution amounts, the schedule of contributions, and records of withdrawals from the pool.
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