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Have you ever participated on the table Banking within your community?

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Stardom22

Stardom22

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ln my country, the community normally form groups whereby each save any amount of money they wish and they would give themselves loans that pay with some interests. In the end of the year they usually make calculations and give back each member the exact amount accumulated in their savings and the interests accrued.
What is your experience with that?
 
We also have this over here, not just our community, but different individuals so from groups like this, but I have never had to join anyone before.
 
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