The History of Tandas and Cundinas: Tracing the Roots of Community Finance
The concept of Tandas can be found accross the globe 🌎
Believe it or not, the concept of ROSCAs isn't unique to Latino culture. Similar systems exist worldwide:
“Hui" in China
“Chit funds" in India
“Susus" in West Africa
“Tontin" in West Africa and the Caribbean
The exact origins of tandas and cundinas are a bit murky, but they likely evolved from a combination of indigenous practices in Mexico and influences from African and Asian immigrants.
Dinero Con Confianza
💵
Dinero Con Confianza 💵
The Mexican Connection
In Mexico, these systems have deep roots:
Pre-Columbian era: Indigenous communities had collective labor practices called “tequio"
Colonial period: The concept evolved, incorporating Spanish influences
19th century: The term "tanda" began to be used more widely for these savings clubs
Spreading Across Borders
As Latiné/x communities migrated, they took this financial wisdom with them:
Early 20th century: Tandas spread to the southwestern United States
Mid-20th century onwards: The practice gained popularity in Latino communities across the U.S.
Why Tandas and Cundinas Matter
These systems aren't just about money – they're about community:
Financial inclusion: They provide access to capital for those often excluded from traditional banking
Community building: They strengthen social ties and trust within communities
Cultural preservation: They maintain a connection to cultural roots and values
Financial education: They teach saving habits and financial planning
Tandas & Cundinas Today
Despite the rise of modern banking, tandas and cundinas are still going strong:
They've adapted to digital platforms, with some groups using apps to manage their tandas
They continue to be popular among immigrant communities and younger generations seeking alternatives to traditional finance
Comunidad-Inspired, Future-Focused
☀️
Comunidad-Inspired, Future-Focused ☀️
R.O.S.C.A.: Tandas for the Digital Age
Here's how R.O.S.C.A. is supporting the rich history of this practice:
Wider Reach: The app makes tandas accessible to everyone, even if you don't have a local community to join. It's spreading our cultural financial wisdom far and wide!
Trust and Transparency: With digital tracking of contributions and payouts, R.O.S.C.A. Money Circle adds an extra layer of confianza to the process. No more worries about who paid what and when!
Cultural Preservation: By adapting tandas to a digital format, the app ensures this tradition stays relevant for younger generations while preserving its core values of community and mutual support.
¿Qué piensan, Metiches? Have you ever participated in a tanda or cundina?
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