https://wsccouncil.org Updates to the canonical reference for the global savings-club industry: consórcios, stokvels, Bausparkassen, chit funds, ROSCAs, chamas, tandas, susus, arisan. en-us Fri, 08 May 2026 13:25:57 GMT Fri, 08 May 2026 00:00:00 GMT https://wsccouncil.org/news https://wsccouncil.org/news Fri, 08 May 2026 12:00:00 GMT Updates from the World Savings Clubs Council: launches, founding-member milestones, regulatory advocacy work, and research releases. The same entries publish through the WSCC RSS feed. https://wsccouncil.org/research https://wsccouncil.org/research Wed, 06 May 2026 12:00:00 GMT Primary sources for the global savings-club industry: BIS, World Bank, IMF, central bank reports from Brazil, Germany, India, South Africa, Kenya, Indonesia, and Mexico, plus the most-cited academic literature on ROSCAs and ASCAs. https://wsccouncil.org/savings-clubs/arisan https://wsccouncil.org/savings-clubs/arisan Wed, 06 May 2026 12:00:00 GMT Indonesia's arisan: rotating savings clubs deeply embedded in social life, predominantly women-led, and credited with mobilizing capital across rural and urban Indonesia. How they work, who runs them, and where they sit in the broader Southeast Asian ROSCA family. https://wsccouncil.org/savings-clubs/bausparkassen https://wsccouncil.org/savings-clubs/bausparkassen Wed, 06 May 2026 12:00:00 GMT Germany's Bausparkassen: a $1T+ savings-and-loan tradition that finances ~30% of German home purchases. How the contract works, why it is state-subsidized, and how it has spread across Central Europe. https://wsccouncil.org/savings-clubs/chamas https://wsccouncil.org/savings-clubs/chamas Wed, 06 May 2026 12:00:00 GMT Kenya's chamas: $8B+ investment groups, 22K+ formally registered, predominantly women-led. From rotating savings to real-estate cooperatives and listed-equity portfolios. https://wsccouncil.org/savings-clubs/chit-funds https://wsccouncil.org/savings-clubs/chit-funds Wed, 06 May 2026 12:00:00 GMT India's chit funds: a $10B+ dual-purpose savings-and-credit tradition regulated under the Chit Funds Act 1982. Auction mechanics, foreman role, regulation, and the line between registered and unregistered chits. https://wsccouncil.org/savings-clubs/consorcios https://wsccouncil.org/savings-clubs/consorcios Wed, 06 May 2026 12:00:00 GMT Brazil's $131B consórcio system: a regulated savings-club model with 10M+ members, used to acquire vehicles, real estate, and machinery without interest-bearing credit. Definition, mechanics, regulation under BACEN, and how it sits inside the global savings-club industry. https://wsccouncil.org/savings-clubs/roscas https://wsccouncil.org/savings-clubs/roscas Wed, 06 May 2026 12:00:00 GMT ROSCA is the academic umbrella term for rotating savings and credit associations: the structure underneath consórcios, stokvels, chit funds, tandas, susus, arisan, hui, kye, and 25+ other named traditions. The mechanics, the development-economics literature, and why they keep working. https://wsccouncil.org/savings-clubs/stokvels https://wsccouncil.org/savings-clubs/stokvels Wed, 06 May 2026 12:00:00 GMT South Africa's stokvels: a $4.4B community-savings tradition with 11M+ members. Rotational, grocery, burial, and investment stokvels explained, including the role of the National Stokvel Association of South Africa (NASASA). https://wsccouncil.org/savings-clubs/susus https://wsccouncil.org/savings-clubs/susus Wed, 06 May 2026 12:00:00 GMT Susus: West African and Caribbean savings traditions combining daily collector-based savings with rotating credit. From Ghanaian susu collectors to the Caribbean diaspora in New York and London, including the legal status under U.S. money-transmitter law. https://wsccouncil.org/savings-clubs/tandas https://wsccouncil.org/savings-clubs/tandas Wed, 06 May 2026 12:00:00 GMT Tandas: rotating savings clubs from Mexico and the broader Latin-American diaspora. How they operate inside immigrant communities in the United States, why fintechs (Mission Asset Fund, Esusu, Mahmee) build credit-reporting on top of them, and what regulators in California and Texas have said.