Paluwagan (en. Rotating savings and credit association)

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Meaning & Definition

EnglishTagalog

noun

A system of pooling money where each member contributes a fixed amount over a set period.

The paluwagan is a traditional way of saving in communities.

Ang paluwagan ay isang tradisyonal na paraan ng pagtitipid sa mga komunidad.

A method of mutual saving commonly used by friends or family.

We love paluwagan because it helps us save.

Mahilig kami sa paluwagan dahil ito ay nakakatulong sa amin na makaipon.

A group of people who contribute money for a goal such as buying a house or starting a business.

Because of the paluwagan, we were able to buy land for our business.

Dahil sa paluwagan, nakabili kami ng lupa para sa aming negosyo.

join a paluwagan

to participate in a group savings system.

sumali sa paluwagan

savings

Pooling money for the future.

savings

credit

Borrowing money with an obligation to pay.

credit

capital pooled together for members

I contributed money to the paluwagan to buy a new cellphone.

Naglagay ako ng pera sa paluwagan para makabili ng bagong cellphone.

collective investment

We need to organize a paluwagan to buy a house.

Kailangan nating mag-organize ng paluwagan para makabili ng bahay.

group helping each other financially

In a paluwagan, it's easier to save because we help each other out.

Sa paluwagan, mas madali ang mag-ipon kasi sabay-sabay tayong tumutulong.