Section 3
Twenty households, one pot
Before a bank would lend, the money came from the table. This section covers the rotating credit association — the kye — the rules it ran on, and what happened to it when the children of the storefront owners no longer needed it.
3 pieces in this section
- 3.1Twenty households, one pot, and a lease signed on FridayRotating credit associations financed a great many storefronts before any bank would, and they worked on documented rules.
- 3.2How the rotation worksEverybody pays in, one person takes the pot, and the order is the whole mechanism.
- 3.3The second generation left the storefrontThe move out of small business is one of the most documented features of the cohort.