Isusu as its widely called here, is a form of daily,weekly or monthly contribution paid into an account periodically till the end of a specific period of time, basically month or year.

This particular one isn't the regular type where the accumulated money is shared, rather the money is gathered from multiple persons and used to get food stuff in large quantity then shared between the participants.

Pros
1. Cheap: food stuffs when purchased in wholesale always come with reduced prices, that means you spend less for more.
2.time saver: to people like myself who doesn't like do grocery shopping themselves ...the purchasing is made by few other participants, you just go and collect your share jejely and go home
3. Lasts long: thus depends on the money contributed, the larger the money, the larger the goods and the longer the time lasted



I only got back from school and saw these foodstuffs my brother's wife got from her monthly contribution, she'sa nairalnder but i told her I'd do it on her behalf , to be honest, the food items are very good for the money and it's best recommended for married and family men and women .

Atleast you have 3months from January next year not to worry about food stuffs.

Can you guess how much the monthly isusu contribution was??


Location: onitsha

Cc. Lalasticlacla front page

The good thing is she only contributed #6200 monthly, with many others

Nice
What a great Isusu

these foodstuffs my brother's wife got from her monthly contribution, she'sa nairalnder but i told her I'd do it on her behalf

Wow. Unbelievable

So, we still have sensible ladies here

Your brother's wife is a great woman. She got my total respect. Other ladies would have been saving to buy wigs or weavon to put on an empty head that can't recite the 36 states and capitals.

God bless your brother's wife and the family.

We ve co-operative here in SW

BossGerald:
Isusu as its widely called here, is a form of daily,weekly or monthly contribution paid into an account periodically till the end of a specific period of time, basically month or year.

This particular one isn't the regular type where the accumulated money is shared, rather the money is gathered from multiple persons and used to get food stuff in large quantity then shared between the participants.

Pros
1. Cheap: food stuffs when purchased in wholesale always come with reduced prices, that means you spend less for more.
2.time saver: to people like myself who doesn't like do grocery shopping themselves ...the purchasing is made by few other participants, you just go and collect your share jejely and go home
3. Lasts long: thus depends on the money contributed, the larger the money, the larger the goods and the longer the time lasted



I only got back from school and saw these foodstuffs my brother's wife got from her monthly contribution, she'sa nairalnder but i told her I'd do it on her behalf , to be honest, the food items are very good for the money and it's best recommended for married and family men and women .

Atleast you have 3months from January next year not to worry about food stuffs.

Can you guess how much the monthly isusu contribution was??


Location: onitsha

That looks like #100k worth of foodstuff. Even if the combined Isusu bought a container-load of foodstuff
you probably will be hard pressed for a 30% markdown. Let's say the contribution period was 3 months or so with weekly contribution I would estimate somewhere about #4k a week contributions for a 3 month period.

Zonefree:

Wow. Unbelievable

So, we still have sensible ladies here

Your brother's wife is a great woman. She got my total respect. Other ladies would have been saving to buy wigs or weapon to put on an empty head that can't recite the 36 states and capitals.

God bless your brother's wife and the family.

Hahaha zonefree


If they come for your head my hand no dey oo

Alusiizizi:


That looks like #100k worth of foodstuff. Even if the combined Isusu bought a container-load of foodstuff
you probably will be hard pressed for a 30% markdown. Let's say the contribution period was 3 months or so with weekly contribution I would estimate somewhere about #4k a week contributions for a 3 month period.

Nice try Alusiizizi

It's actually #6200 monthly...totalling #74,400 for the year.

BossGerald:


Nice try Alusiizizi

It's actually #6200 monthly...totalling #74,400 for the year.

Well I assumed it was a 3 month period.

Congrats, it's not easy. Many know about things like this but the money to participate in it is not even available.

This is good. She's indeed wife material

BossGerald:


Nice try Alusiizizi

It's actually #6200 monthly...totalling #74,400 for the year.

How do they all agree on what and what to buy?

mariahAngel:


How do they all agree on what and what to buy?

In principle they don't . Everyone eats rice(presumably) so rice is included. Fish, canned tomatoes and such, all these are ubiquitous food-stuff, shared by (most) everyone. So in principle there is no pre-arrangement, whatever you see, you take.

mariahAngel:


How do they all agree on what and what to buy?

The rice, crayfish, okporoko, tomatoes and groundnut oil are basic...


They can add anyother thing if there's enough money.

Hmmm,is she a business woman? I think business people have more privileges than we the salary earners.

We did that in our yard, we will share our own on Monday. We contributed 1k every week,that is 52 k in a year. We bought bag of rice, 3 litters of ground nut oil, Milo and peak milk satchets, detergent, half carton of big tin tomato (20 tins) knorr Maggie, one carton of 100 Gram of noodles,

Osusu or thrift contribution without wholesale buying at the end to help significantly lower average cost is just sukuk or 0% interest saving.
Nice idea.

God that capture mosdii will capture you.

Zonefree:

Wow. Unbelievable

So, we still have sensible ladies here

Your brother's wife is a great woman. She got my total respect. Other ladies would have been saving to buy wigs or weapon to put on an empty head that can't recite the 36 states and capitals.

God bless your brother's wife and the family.

I thought you're an avid advocate of Nigerian women are useless?

I come in vawulence.

Nice.

Congratulations

The importance of saving can not be overemphasized.
We should as individuals and as a nation cultivate the saving habit.
……………….

osusu, which one be isusu

lovely

Tell us how much the contribution cost.


Christmas is set already

I’m planning to do this contribution for my mum next year by God grace

petertega9:
osusu, which one be isusu

na esusu for Yoruba language

Eating the children of your children??

Pls if you have time, read "the richest man in Babylon" sir.

For the spread of how many months?

BossGerald:
The good thing is she only contributed #6200 monthly, with many others