/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.
"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."
/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.
"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."