Please visit our new campaign, Black Communities Action Committee Susu Cycle 40
Black Communities Action Committee Susu Cycle 39
$833 raised
83% of $1k goal
20 contributors
0 days left
Ended Jul 5, 2019

This is the 39th CYCLE of Black Communities Action Committee Susu. This susu actually began in December 2014 and we have lent out over $20,000 with only one default.  Cycle 39 payee is Brother Clifton M., and we leave cycle 38 with enough funds for a second payout.      We are now open and seeking new membership from both individuals and groups. This is what a community savings and loan does. GROW and PRODUCE GOOD FRUIT!

Black Communities Action Committee Susu's power is limitless. We have grown from giving out loans under $200 to now raising over $1,000 every 40 days and funding loans to multiple participants. Our success is up to you!

Through conducting the susu, we have brought investment property, own a brick and mortar restaurant, our group has had our first year of realized income of $8,000 and we have paid for the personal transformation of one of members via www.landmarkworldwide.com .

All members must make a $23 contribution starting on May 19th, 2019 and the cycle ends June 27th, 2019, a total of 40 days. (Those expecting a $1,000 payout and those who have received a $1,000 payout make a $50 payment instead of the standard $23 payment) Those making a $23 payment can expect a $500 payout in approximately 5 to 6 cycles, your payout is based on the order assigned and member participation. Please share with your friends what the susu has been for you. 

Ask us about our ACCELERATION PROGRAM, join with friends and get your loan QUICKER!

What is a susu? Today it might be referred to as a micro-lending group. In rural communities, susus 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.

Peer Lending WORKS, every loan given out in the first 24 cycles has been paid in full save one which gives a 99% repayment record.  We are the possibility of starting a business, 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 or until the loan balance is paid in full.

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. 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

Here is a video by one of our founding members and an early payee

 https://www.youtube.com/watch?v=B370x4sN10U

and https://www.youtube.com/watch?v=Qlb2lHx3W_Q

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