About the Council
Building the institution
the world needs
The World Savings Clubs Council is the first global governing body for the savings club industry. We unify consórcios, stokvels, Bausparkassen, chit funds, ROSCAs, and every community finance tradition under one collaborative body. The WSCC sets global standards, protects consumers, and advocates for regulatory recognition across 190+ countries.
The Imperative
Why the world needs
a unified council
Fragmented Landscape
Savings clubs operate under hundreds of names across 190+ countries with no unified representation in global finance. The WSCC provides a single, authoritative voice.
Consumer Protection
Without global standards, participants face inconsistent protections. The WSCC establishes baseline safeguards that respect local traditions while ensuring accountability.
Regulatory Recognition
As digital transformation accelerates, regulators are taking notice. The WSCC ensures the industry is represented by those who understand it, not regulated by those who don't.
Leadership
Founding Council
The WSCC's leadership will be elected at the Founding Summit. Below are the key positions that will guide the Council's first years.
International
To Be Announced
President
The WSCC President will be elected at the Founding Summit. This role will lead the Council's global strategy and serve as the primary representative to international financial institutions and regulatory bodies.
International
To Be Announced
Vice President, Standards & Governance
This position will oversee the development of the WSCC Global Standards Framework, ensuring that best practices from every savings club tradition are codified into a unified set of operational guidelines.
International
To Be Announced
Vice President, Regulatory Affairs
The VP of Regulatory Affairs will coordinate with national regulators across 190+ countries to advocate for recognition and proportionate regulation of savings clubs within existing financial frameworks.
International
To Be Announced
Vice President, Research & Education
This role will lead the WSCC's academic partnerships, commission research on savings club economics, and develop educational resources for both practitioners and policymakers.
Interested in a leadership role? Apply as a Founding Member
Regional Representation
Advisory Council
The WSCC Advisory Council will include representatives from every major savings club tradition, ensuring that no region or practice is left without a voice.
Americas
Consórcios, Tandas, Susus, Partnerships
Brazil, Mexico, USA, Colombia, Jamaica, Haiti
Sub-Saharan Africa
Stokvels, Chamas, Tontines, Esusu
South Africa, Kenya, Nigeria, Senegal, Ghana
Europe
Bausparkassen, Tontines, ROSCAs
Germany, Austria, France, United Kingdom
South & Southeast Asia
Chit Funds, Arisan, Dhikuti, Hui
India, Indonesia, Nepal, Vietnam, Philippines
East Asia & Pacific
Hui, Ko, Tanomoshi, Paluwagan
China, Japan, South Korea, Philippines, Fiji
Middle East & North Africa
Gameya, Sanduk, Jam'iyya
Egypt, Jordan, Morocco, Lebanon, Turkey
Our Journey
From research to reality
2024
Foundational research begins on the global savings club landscape
2025
Stakeholder consultations across six continents; organizational framework developed
2026
WSCC formally announced; founding member applications open
Coming
Founding Summit (dates and venue to be announced)
Then
First Global Standards Framework published; regional chapters established
Structure
How the WSCC operates
The Council operates through four standing committees, each responsible for a core pillar of the WSCC's mission. Regional chapters ensure local traditions are represented at every level of decision-making.
Standards Committee
Develops and maintains the Global Standards Framework, drawing from best practices across all savings club traditions worldwide.
Consumer Protection Committee
Establishes baseline safeguards for participants, including transparency requirements, dispute resolution mechanisms, and fund security protocols.
Regulatory Affairs Committee
Coordinates with national regulators and international bodies to advocate for proportionate, tradition-aware financial regulation.
Research & Education Committee
Commissions academic research, publishes industry reports, and develops educational resources for practitioners, policymakers, and the public.
Join the founding generation
The WSCC is actively seeking founding members from every savings club tradition and every country. Your voice matters.
Become a Founding Member