Economics On The Move and the Jabbama Tailoring Association are partners on an adashe (rotating savings and credit fund).
Rotating credit schemes are a popular way of micro-lending to satisfy both consumption and production needs.
Author Stuart Rutherford notes that this method of saving is a popular alternative to the risks of saving at home, where family and relatives may demand access to savings.
The Jabbama adashe 8 members raised 70,000.00 naira or roughly $450.00 in October.
October’s payout goes to Umar Bapetel a Yola-based Jabbama tailor featured in this video.