Esusu

Esusu is not just another startup. It's a platform designed to help you transform your life by better saving your income, accessing larger amounts of capital, and building credit. Today in the United States alone, approximately 106 million people are still 'unbanked'. Saving is hard for anyone, and even more so for those without access to financial institutions. Esusu allows users to form groups (of people they already know) in which they collectively save money and pay the collective sum to a different user each pay period. This means that when you need a little more... for your home down payment, student loans, new business, education, and more you can get it from your family and friends and pay it back immediately. Esusu meets individuals where they are and enables them to empower themselves. Esusu is based on the historical concept of 'susu' savings groups in Ghana, but susu is only one of the many names for Rotational Savings and Credit Associations (ROSCA), or informal savings clubs. Through history almost every civilization established some form of these savings groups and this practice still exists in the 21st century. At Esusu we are integrating this practice into today's technology to make it even more accessible and impactful.