Contribute
Members add the agreed amount on schedule.
Community knowledge
One circle. A world of names.
In Around the world, this practice is commonly called ROSCA / savings circle. Around the world, communities have built related ways to save together, take turns receiving a pooled sum, and move important plans forward.
Choose the name most familiar to you
What is a sòl?
A sòl is a Haitian form of what researchers call a rotating savings and credit association, or ROSCA. A group agrees on a contribution and schedule. At each turn, everyone contributes and one participant receives the pooled amount. The cycle continues until every participant has received a turn.
Receive
One participant receives that round’s pooled sum.
Rotate
The recipient changes until everyone has had a turn.
Community knowledge
A tradition older than any app
Rotating savings circles were not invented by Ansava, a bank, or a single country. Researchers have documented related community practices across the world for generations.
In the Caribbean, scholars describe sòl, susu, partner, and box hand as social and economic practices rooted in trust, mutual aid, and community relationships. They have helped people build savings and reach larger lump sums when formal finance was unavailable, unsuitable, or exclusionary.
ROSCA
Documented names around the world
These are representative names reported in academic and development literature. Spelling, pronunciation, and practice can vary—even within the same country.
A shared name does not guarantee the same rules. Some terms also cover related models, including accumulating groups, auction circles, commercial consórcios, or regulated chit funds. People should understand the specific rules and local law before participating.
Selected sources
Oxford Academic — Caribbean Women’s Use of Susu, Partner, Sol, and Boxhand↗World Bank — Issues in Informal Finance↗Scoping review — Rotating savings and credit associations↗RePEc — Building Economic Solidarity: Caribbean ROSCAs↗
This public guide is educational, not legal or financial advice.
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