| Saving for the rainy day is an old adage which literally means making adequate arrangement for unforeseen and unpleasant circumstances in the future. At the individual level, man imbibed the saving culture whereby deposits of gold, money or other treasures are saved into improvised safes or asusu and in modern times, banks to provide for future needs.
At the community level, cooperatives are formed to pool resources together for community development efforts in times of war, famine, flood, disease outbreaks and other natural disasters...............................................Full Article: Source
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