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Bandera de México

/Sounds like 'TAHN-dah'/

In Mexico, an informal group savings system where each participant contributes a fixed amount, and by turns, each one receives the total accumulated. This is a community banking system used by ordinary Mexicans to save money.

Example

"I joined a savings group of 500 pesos and it's my turn to collect in three weeks."

"With the savings group, I was able to save for the down payment on a car."

Word family
Regional synonyms:

Contacto o enchufe que te ayuda a conseguir algo, ya sea un trabajo, un favor o acceso a algo exclusivo. En Chile es muy común y refleja la cultura del 'quién te conoce'.