An American charity called GiveDirectly is giving every adult in the village $22 every month for the next 12 years. Abagi's first thought: "I will save the money to buy a goat." And to do that, Abagi has turned to a special kind of savings club the villagers call a "merry-go-round."
Abagi's club has 10 members — almost all older women like her. Every month, almost as soon as they get their payment from GiveDirectly, the members meet to put $10 each into a pot. Each month, a different member takes home the pot — $100. That is why they call it a merry-go-round.
Minority communities who are underserved by the banking system did this forever in the United States. They didn't have anyone dropping free money in but it's a pretty old system in the states.