Tontin
Tontin is a form of informal savings and credit arrangement common in Francophone Africa, often described as a rotating savings and credit association (ROSCA). In a tontin, a group of people agreement to contribute a fixed amount at regular intervals to a common fund. At each interval, the total collected is awarded to one member, chosen by a method such as a lottery, a bid, or a predetermined rotation. The process continues until every member has received the pot, or the cycle is extended by mutual agreement. The arrangement provides a lump sum for large purchases, emergencies, or investments while encouraging disciplined saving within a trusted network.
Tontins are usually organized informally by family, friends, or colleagues and operate with written or verbal
The term tontin is related to the broader tontine family of savings and investment designs and is