Thank you everybody. Our campaign is now over.
BLACK COMMUNITIES ACTION COMMITTEE SUSU - CYCLE 11
$931 raised
186% of $500 goal
30 contributors
0 days left
Ended Apr 6, 2016
Black Communities Action Committee Susu, one year old, over $2,500 lent out, four accounts paid in full. TRUST is not an issue in our community! Just $22 per cycle to participate. JOIN US!

This is the 11th CYCLE of the Black Communities Action Committee Susu. Cycle payee is Sista/Doc Iya Adjua. All members must make a $22 contribution starting February 22, 2016 and ending April 5th, 2016, a total of 45 days.

What is a susu? Today it might be referred to as a micro-lending group. In rural communities, susu are created when people don't have access to traditional bank loans. Everyone contributes an equal amount and then each round the pot or kitty is lent out to a participant. The success of a susu is contingent on continued participation of it’s members.

At this time we have lent out funds in excess of $2,500 to nine members, we have three loans paid off completely and our susu celebrated it's first one year anniversary. We are the possibility of bail and burial money, building funds, home rehab and repair funds or whatever you can do with a quick infusion of cash.

All participants are required to participate in every cycle, if they have an outstanding loan and if they wish to receive a timely payout. If a participant neglects to make a cycle payment, they forfeit the money contributed to the SuSu, but always have the option to return after a skipped payment as long as the susu exists. Susu withdraws will be less campaign costs.

Susu recipients should propose a payback bonus that at a minimum should cover campaign costs, at a maximum 20% on top of the amount loaned.

The susu recipient agrees to continue in the Susu for 12 months after the receipt of the susu proceeds.

Black Communities Action Committee is a national group of individuals who are about ACTION to change their communities and African communities world wide. We understand money works over time and is a key component of nation building, we ACT locally and support each other in economic and social justice pursuits. We are about educating ourselves on true collaboration and team building. You must be willing to engage in activities that strengthen us as a group.

NEW MEMBERS PLEASE TAKE NOTE-If this is your first contribution to Black Communities Action Committee susu, please forward your email address to phillychildcare@aol.com or Akosua Akoben via e-mail favors_desera@yahoo.com. Request to join our facebook group by including your facebook address so we can friend you. Our snail mail contact is Monica Wright, 3125 Reach Street, Philadelphia PA 19134 or you can call 267-242-6304

Please take the time to view this video..

https://www.youtube.com/watch?t=74&v=Qlb2lHx3W_Q.
 

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