Arisan
Arisan is a form of rotating savings and credit association (ROSCA) common in Indonesia and other parts of Southeast Asia. It consists of a fixed group of people who pool a regular contribution of money. The amount contributed by each member each period is pooled and the pot is given to one member at a time—either by rotating order or by lottery. The process repeats until every participant has received the full sum. Some groups use a monthly schedule; others meet weekly.
The arrangement serves two main purposes: encouraging disciplined savings and providing access to a lump-sum of
Because arisan is informal and unregulated, there are risks: default by members, mismanagement of funds, and