Asia Research Brief #47 | Money pool (Hụi/Họ) in the Mekong Delta: An Old Way of Doing Finance in Rural Vietnam

In our latest Asia Research Brief, Nga Dao (Social Science) examines the informal financial sector in rural Vietnam.

ROSCA, or money pools (called Hụi, Họ, Phường 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.

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