Jabbama Tailors’ Adashe Raises 70,000.00 Naira ($450.00)

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.

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