Likelemba is an Africa

Africa

Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...

n system of solidarity savings mechanism where several members put a certain sum of money in a "pot" and every month, the total amount contained in the pot is then donated to one of the participating members - a sort of little lottery

Lottery

A lottery is a form of gambling which involves the drawing of lots for a prize.Lottery is outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments...

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Example

Twelve persons - mostly woman - put 100€ every month in their "likelemba pot".

• Month 1, member 1 - normally chosen by chance - gets 12 x 100€ = 1,200 €.
• Month 2, another member gets elected and rewarded with the 1,200 €, etc.

Benefits

The secret of the success of Likelemba is its simpleness and formula whereby a lot of small amounts, that every member can easily spare, make one big prize. The winner has a fairly large amount with which he/she can do something extraordinary and, hopefully, break out of a financial circle of misery or life style in which he/she might be stuck.

External links

• Likelemba according to congoforum.be
• Likelemba.doc on congoforum.be