[lmwnshn]

I think you're thinking of a ROSCA [0], e.g., from Poor Economics [1],

> In Africa, the most popular instruments are rotating savings and credit associations (ROSCAs) - more commonly known as "merry-go-rounds" in English-speaking Africa and as tontines in Francophone countries. ROSCA members meet at regular intervals, and all deposit the same amount of money into a common pot at every meeting. Each time, on a rotating basis, one member gets the whole pot.

[0] https://en.wikipedia.org/wiki/Rotating_savings_and_credit_as...

[1] https://en.wikipedia.org/wiki/Poor_Economics

[effingwewt]

Yes! I'm actually pretty stoked to find out it'd been done!

It mentions tons of users in Brazil but not really whether it's successful.

Maybe something like that truly could be tried here.

Of course it mentions trust and social connections being imperative and I feel we now have a glaring lack of those hwre in the US :(

[charlie0]

Yeah, it's basically an interest free loan for all participants in it, opportunity cost notwithstanding.