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Risk or no risk, this informal way of saving is a staple among America’s black immigrant communities and is widely considered a viable means to an end.

Living in separation is toxic for humans, regardless of whether we win or lose. Winners and losers adopt predictable behaviors even over very short-term gains. This is investigated in the rigged monopoly game experiments, in which a coin flip creates “rich” players, who by necessity win because they have many more resources. They regularly act in... See more

Sou-sous allow its members to avoid banking fees, loan interest and it’s virtually devoid of paperwork and bureaucracy. It also allows anyone with poor credit or a questionable immigration status to save and borrow money. But most of all, it’s familiar. “It’s more like the way we do things back home,” stated Iqbal who is naturalized U.S. citizen.

Investors and funders must abandon the idea that capital alone is sufficient to transform inequitable systems. They must interrogate the power dynamics underlying their decisions and operations to meet the complex challenges of racial, gender, and economic inequality, moving from a “power over” to a “power with” approach. Failure to integrate this... See more