Address
Community 25,Tema – Greater Accra Region, Ghana
For generations, group savings—locally called susu, tontine, or esusu—have played an essential role in African communities. These informal rotating savings systems are built on trust, cooperation, and communal growth.
At MICAMPONSAH ENTERPRISE, we’ve recognized the immense cultural value and financial power of these systems—and digitized them to work better in today’s mobile world.
What Is a Digital Susu?
A traditional susu works like this: a group of people contribute an agreed-upon amount regularly, and each member receives the full pooled amount in rotation. It allows individuals to access lump sums they wouldn’t have been able to save alone.
MICAMPONSAH’s platform allows these same principles to function digitally, enabling users to:
- Create or join verified digital savings groups
- Contribute via mobile money or wallet transfers
- Receive automatic notifications and receipts
- Track group performance and payout schedules
This increases transparency, reduces conflict, and creates formal records that users can leverage to build creditworthiness.
Success Stories From the Field
In the Northern Region, a cooperative of 50 women shea butter producers have formed three digital savings groups. They now save more consistently, access funds quicker, and plan their production cycles around group payouts.
“Before, I had to keep money in the house. Now I save securely and know exactly when I’ll receive my share,” says Aisha, a cooperative leader in Tamale.
The digital system has also attracted support from NGOs who now monitor group performance remotely and provide top-ups or microloans when needed.
Economic & Social Impact
- Reduces reliance on exploitative lending schemes
- Fosters financial discipline and planning
- Strengthens community ties
- Encourages women’s leadership and inclusion
Group savings is more than just a tool—it’s a social safety net and a wealth-building engine. And with MICAMPONSAH, it’s now accessible to anyone with a mobile phone.