Growing up as a girl I remember my parents and relatives and neighbours involved in this. The older folks stated that this tradition goes back to the time of slavery. Here in Barbados it is called a Meeting Turn, and in the other islands it has a different name. This is what black folks did when they did not have access to the white folks banks. This tradition has continued to this present day here in Barbados and the other islands. A group of people including grown men and women would decide on the saving of their money. 1. A responsible person mostly a woman would collect the money. If they are twenty people each contributing one hundred dollars ($100) per month. One person would get the $2,000.00 up front...although the person would only have paid in one hundred dollars. This money would be collected at the end of each month, then the second person would receive their $2,000.00 until the last person received theirs. Each person must continue "throwing in" their hundred dollars UNTIL each person has received their two thousand dollars. Since the first person would have only put in one hundred dollars and receive two thousand dollars up front it shows how important trust is in this whole venture. There is a risk involved since if individuals who are dishonest they can just take their money forget about the others. This has happened for some...and since it is not legally binding, you cannot put them in court. This has been a tradition way life for blacks here in the Caribbean. I wonder if blacks folks could have created this into a black bank I wonder what the results would be today. The thing is unlike the bank there is no interest or usury. My parents would be involved in three at one time... This money was savedfor purchase of materials to repair house etc. Some folks used their for paying of school fees before the government had introduced free secondary education. What I say can say concerning this is that black folks will always find a way and you can't keep dem down..