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Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Entrepreneurial and Small Business Operations

Nova Southeastern University

Journal

2021

Self-help

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Full-Text Articles in Business

Nnoboa And Rotated Susu As Agents Of Savings Mobilization: Developing A Theoretical Model Using Grounded Theory, Aborampah Amoah-Mensah Dr. Jan 2021

Nnoboa And Rotated Susu As Agents Of Savings Mobilization: Developing A Theoretical Model Using Grounded Theory, Aborampah Amoah-Mensah Dr.

The Qualitative Report

In this study, I investigate nnoboa and rotated susu systems and how they operate as indigenous cooperatives that mobilize savings from its members. I employ a qualitative approach, comprising seven focus group meetings in seven communities in the Bibiani-Anhwiaso-Bekwai Municipality in the Western North Region of Ghana. The findings show that the rotated susu concept emanates from the nnoboa concept and the two systems are underpinned by the following values: trust, synergy, flexibility and empathy, commitment, tolerance and punctuality and promptness. Another finding of the study is that the nnoboa and rotated susu systems offer participants a lot of mileage: …