Tadila is a noun that originates from the Yoruba language, spoken primarily in Nigeria and other West African countries. It refers to a traditional form of financial contribution or support system within the Yoruba community.
In a tadila, a group of individuals, typically friends, family members, or neighbors, come together and agree to contribute a certain amount of money or resources regularly. This contribution is collected from each member of the group and pooled together to create a fund that is then used to support individual members during times of need or for specific purposes.
The tadila system operates on a rotational basis, wherein each member takes turns receiving the collective fund. For instance, if there are 10 members and each contributes $100, the total fund is $1,000. At regular intervals, one member receives the entire amount, and the order is rotated until each member has had their turn.
Tadila plays a crucial role in the Yoruba community as it helps to build social cohesion and solidarity among its members. It serves as a form of social insurance, providing financial support to individuals in times of personal emergencies, such as illness, death, or significant life events like weddings or educational expenses.
Overall, tadila is a traditional community-based financial system that promotes mutual assistance, cooperation, and responsibility among its participants.
