What is Njangi?
Njangi (pronounced “n-JAHN-gee”) is a Cameroon-originated rotating savings and credit association where a group of trusted individuals contribute fixed amounts regularly to a common pool. Each cycle, one member receives the entire collected amount, continuing until everyone has received their turn.
Key Statistics
- • Over 1 billion people globally participate in similar systems worldwide
- • In Cameroon alone, over 60% of adults participate in some form of Njangi
- • More accessible than traditional banking for many communities
Key Characteristics of Njangi
Community-based
Built on existing social relationships and trust
No interest charges
Members help each other without additional fees
Rotating payouts
Fair distribution ensuring everyone benefits
Cultural significance
Strengthens community bonds and social capital
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