Ajo and Esusu: Would You Trust a Contribution Group With Your Savings?

Ajo, also known as Esusu, has helped many Nigerians save money for generations. Members contribute regularly, and each person collects the full amount when it is their turn. The system can make saving easier, especially for people who struggle to keep money aside. However, it also depends heavily on trust. A member may stop contributing after collecting, or the organiser may fail to account for the money. Have you used Ajo or Esusu before? Did it work well for you, or would you prefer to keep your savings in a bank or another formal investment option?

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