Pardna system is an effective and reliable rotating savings plan and can come in handy during times of need. It can also be used to finance personal leisure or investment.
A Partner is basically a partnership among people to save collectively
A Partner – Is a Rotating Savings and Credit Association it is an informal financial system usually associated with poor, developing countries with limited access to credit (ROSCA).
Partner is a saving and credit mechanism with roots in the slave past. This system was brought to Jamaica by African slaves, and was originally used as a device to purchase freedom (It is a tool of liberation).
Jamaican partner developed in the time of slavery, in the absence of other alternatives. It is a popular form of savings system in Jamaica and called by different names in the Caribbean, which is also found in many other parts of the world.
African – Susu
Jamaican – partner
Chinese – hui or wee chen