What is the difference between Table Banking and a Merry-Go-Round?
A Merry-Go-Round focuses on rotational giving — members contribute a set amount regularly, and each time, one member receives the total collection until everyone has had a turn. It’s mainly about mutual support and short-term financial relief.
Table Banking, on the other hand, is about saving and lending within the group. Members contribute money to a shared fund, from which loans can be issued to members with agreed interest and repayment terms. It helps groups grow their funds collectively and support income-generating activities.
Table Banking, on the other hand, is about saving and lending within the group. Members contribute money to a shared fund, from which loans can be issued to members with agreed interest and repayment terms. It helps groups grow their funds collectively and support income-generating activities.
