Moai: Difference between revisions
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Benjamin Martin: | |||
"A Moai is a group of people who meet regularly to contribute to a common financial fund, this fund provides many benefits to the members and is a unique social and financial institution in Japan. When a group decides to form a moai, they meet monthly and each give a set amount of money. Once a year, each member can then withdraw the total amount. The benefit is that if someone needs the cash sooner than they could have saved on their own, then they can get access to it." | "A Moai is a group of people who meet regularly to contribute to a common financial fund, this fund provides many benefits to the members and is a unique social and financial institution in Japan. When a group decides to form a moai, they meet monthly and each give a set amount of money. Once a year, each member can then withdraw the total amount. The benefit is that if someone needs the cash sooner than they could have saved on their own, then they can get access to it." | ||
Latest revision as of 14:09, 20 April 2016
Description
Benjamin Martin:
"A Moai is a group of people who meet regularly to contribute to a common financial fund, this fund provides many benefits to the members and is a unique social and financial institution in Japan. When a group decides to form a moai, they meet monthly and each give a set amount of money. Once a year, each member can then withdraw the total amount. The benefit is that if someone needs the cash sooner than they could have saved on their own, then they can get access to it." (http://morethingsjapanese.com/moai/)