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BUSO prof. Nga Dao examines the informal financial sector in rural Vietnam in new YCAR brief

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In the , Asia Research Brief #47 | (PDF), examines the informal financial sector in rural Vietnam.Ìý

ROSCA, or money pools (called Hụi, Há»�, Phưá»�ng or Biêu, depending on the geographical location), have for centuries been a way to help poor households invest in business, housing, education and healthcare, among other things. This practice helps reinforce a sense of community through reciprocity, especially for poor and marginalized women. 

Further reading: Ìý