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National Meeting Turn

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Submitted by Heather Cole

This is one of 3 initiatives es that is being planned to assist the island in the short, medium and long term. Combined with the other 2 initiatives, we will be well on our way to the much-needed economic revolution in Barbados.

The idea of the meeting turn is not new but putting it under a nationwide umbrella and online is. In reality, the meeting turn is a short-term loan without restrictions. While contemplating a possible solution that broaden the base thereby assisting more persons in the short and medium turn to have a source of financial assistance, the idea of utilizing the meeting term came to mind not in the old traditional way but combined with technology and placed on an online platform utilizing crowd funding with circular base of clusters.

The benefits are that crowd funding is that it will broaden the base of the source of funds. It is not meant to accelerate the pace by which funding is received. It will still maintain an analog format as some persons can physically take their contribution to the pool however it source of growth may most likely be through an online system where each person in the meeting turn is contributing to their own turn as well as contributing to specified number of other people’s meeting turn.

For generation the meeting turn has been the source of financing for working class Barbadians. They too are still in need of some short term or medium-term financial assistance. The benefits of this idea will be far reaching if the people support this initiative.

To protect the integrity of the system, I am in discussion with a financial institution in Barbados. To control the risks associated with this system several controls will be put in place.

I thought it best to reach out to Barbados to obtain their feedback through the SURVEY below as to the development of this initiative.

https://www.survio.com/survey/d/M9X2J2O3L4U6Y9B8N

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65 responses to “National Meeting Turn”

  1. lawson Avatar
    lawson

    lol Some days your just glad you got up. and who’s turn would it be first?

  2. bajanfreeparty Avatar
    bajanfreeparty

    ALL the crooks are now in office, I see its best to talk after elections! waste of time keep running from the truth of all matters, crook ministers and lawyers seems to be your best friends.

  3. Georgie Porgie Avatar
    Georgie Porgie

    MURDAH!
    WHAT A LOAD OF BULL SHIT!
    DIS IS REALLY TRYING TO SCRAPE THE BOTTOM OF THE POT
    SHE LIKE SHE TRYING FE SCRAPE UP BUN BUN FROM DE POT BOTTOM
    WUNNAH CANT UNDERSTAND THAT DE WRITING IS PUN DE WALL

  4. Georgie Porgie Avatar
    Georgie Porgie

    HEATHER YOU MUST, HOWEVER, BE COMMENDED FOR TRYING
    “Without the need to be prolix to diagnose his emotional lethargy OF THE BLOGMASTER BY SEEKING TO SOLVE THE COUNTRIES WOES WITH RESPECT TO IMF, Crime, Political Class, DEBT, Yardfowls, Bigots, Education, NCDs, Potholes, Corruption, Cricket, Independence, Children and Ring a Ring o’ Roses.

    WILL YOU GET THE HIGHLY CREDENTIALED BU COMMENTERS TO ASSIST YOU IN THE MEETING TURN OR IN TURNING UP FOR A MEETING?

    Without the need to be prolix to diagnose his emotional lethargy OF THE BLOGMASTER I AM TRYING TO HELP BY HOPEFULLY TALKING ENOUGH SHIT AS I MOCK TO STOP HE AND OTHERS FROM GOING MAD AS HELL DOWN THERE UNDER THE PROLONGED BITING OF MIA MUGABE MUTTLEY, THE CARD CARRYING PUSSY BITER OF RENOWN!

  5. Heather Cole Avatar
    Heather Cole

    We are all talkers. We can talk until the cows come home. How about trying to implement something that can work for the good of the people. For those who have a problem with the above, complete the survey. You can also offer a critical assessment here.

  6. Heather Cole Avatar
    Heather Cole

    I got some responses from younger persons born in the ’90’s and they had not a clue what a meeting turn is. We are letting our traditions die.

  7. Wily Coyote Avatar
    Wily Coyote

    Where is this SHIT going to go, OUT TO SEA WITH THE REST OF THE SOUTH COAST SEWAGE EFFLUENT.

    Author is a true example of what’s wrong with Barbados, lots of TALK WITH NO SUBSTANCE and technical terms galore which are meaningless.

  8. Mariposa Avatar
    Mariposa

    Really like scrapping the bottom of the barrell
    Wuhloss when all else fails try foolishness

  9. Heather Cole Avatar
    Heather Cole

    @ Wily Coyote, Take the Survey. I am taking action not just talking.

  10. de pedantic Dribbler Avatar
    de pedantic Dribbler

    @Heather, initially I thought this was a cynical essay about national financing from the headline but after reading I could only laff again and, say what a ting!

    First up, a meeting is unknown to millenials in its traditional form but frankly in all other ways they know it well: 1)a variant called crowd funding and 2) the more sophisticated variant called startup investing.

    Simply stated they all operate on the basis of a)person one getting funds from persons 2, 3, 4 or 5 for an initiative or project; b) persons 2 – 5 awaiting their turn to profit from the original sum of money ‘loaned/invested’.

    And of course more broadly we can call it a ‘credit union’! 😎

    So Madame you should really jazz up the old term ‘meeting’ for our modern thinking 🤣.

    But from a practical point tho, can you tell the blog how your controls will indeed control an unwieldy mix of peeps to ensure that each person meets their payment obligation AFTER they have been granted their group savings?

    What are you actually trying to achieve with this? A forced savings funding for a group of folks, a publicity stunt or just a morning lark?? What is the point??

    Like the other bloggers I think you are having one over on us but heh life is short so why not indulge your strange and seemingly crazy idea with this brief “assessment”.

  11. de pedantic Dribbler Avatar
    de pedantic Dribbler

    Oh I forgot the other query, or are you harvesting email/names with the survey thingy….

    Why not place your survey questions right here on the blog and get the feedback of this crew that way.

    I avoid surveys like the plague when I think they are associated to mindless ideas and simply want to ping me or my PC…NOT SAYING THAT’S YOUR INTENT ….but just c’est la vie in this modern world.

  12. Wily Coyote Avatar
    Wily Coyote

    @Heather

    Limited SURVEY questions are meaningless and more looks like an attempt to gather personal email addresses as one cannot submitt results without entering an email address.

    SURVEY Looks like a MINING operation.

  13. Heather Cole Avatar
    Heather Cole

    You are all forgetting that this scheme despite its name is vast untapped source of short term lending that comes with out interest payments.

    If it comes into existence controls will be put in place.

  14. Mariposa Avatar
    Mariposa

    Heather Cole you need to put that pyramid Scam in a garbage bag and throw it in the sewer system
    The world does not operate as it did fifty years ago
    In this age of technology the thieves lay in wait to confiscate

  15. A. Dullard Avatar
    A. Dullard

    Garbage. Surely the author could have put her time to better use?

  16. whiteHill Avatar
    whiteHill

    As the writer pointed out, this means of saving has been in existence before time was, many years ago this method was employed mostly by the women in this region.. Why is everyone talking and saying rassh hole shit to the writer? Many persons awaited their ”Turn” to do meaningful things about their homes and with their family. Many men were bailed out by their women collecting a ” Turn” to affect repairs to the old wooden house. All said, why can’t you stupid ass schmucks examine what is presented and stop getting personal and emotional.

  17. john2 Avatar
    john2

    mariposa
    so you is one of those that throw plastic bacg in the sewer system and choked it?

  18. Mariposa Avatar
    Mariposa

    Whitehall if u understood the mindset of people today a mindset that is triggered by greed and self interest you would rather put your savings in a tin can and hid them under the bed bthan to easily served them up to unknown sources

  19. Georgie Porgie Avatar
    Georgie Porgie

    It doesn’t matter how much you really have: If you’re looking for an elevated income– for any reason–then come check us out. This method is the maximum income supplement of all time. WE NEED NEW TIEFING METHODOLOGIES IN BIM–THE FAILED STATE

  20. Donna Avatar
    Donna

    I will be sticking with my credit union, thank you.

  21. 555dubstreet Avatar
    555dubstreet

    Georgie is bang out of order like Donald Trump.
    He cannot take any criticism on his big ugly double chin.
    Go away you hypocrite
    Since I’ve seen the light you don’t know what it has done to me
    and it’s such a light only who’s got eyes to see can see
    give the youths a chance I hope you elders understand

    Quit trying

  22. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    Ammmmmmmmm, ole man be kind in your perspectives and in your speech

    Ms. Cole

    Some questions that come to mind all of which were posed by others here

    1.Why do you believe that this is NOT a pyramid scheme?
    2.How does your Su-Su differ from 10 people putting $10 in per month insofar as the lump sum is concerned?
    3.so if 10,000 Bajans put in $10 a month when will the 100,000 bajan get their turn (100,000 divided by ??? months Please express your answer in years,
    4.does the amount of years needed for the 100’reth subscriber exceed the number of years that Mugabe plans to pay back the 85 year old pensioners their discounted bond principle?

    It is a reasonable set of questions which, given the voodoo economics that are all over Barbados today, need to get answers, IN THE CLEAR LIGHT OF DAY

    PS the word is initiatives and not initiates – John King is a Mugabe Initiate while ammmmm aviable programme would be called an initiative – no insult intended

  23. 555dubstreet Avatar
    555dubstreet

    micro-financing / micro-credit may be the way to go for the poor

  24. 555dubstreet Avatar
    555dubstreet

    (( ►)) Global Sound Healing Practice: Transforming Fear To Love
    Mingtong Gu

  25. lawson Avatar
    lawson

    Heather instead of a meeting turn… open a sperm bank and you will have no shortage of deposits

    Years ago when people had integrity and were trustworthy , it was a disgrace to owe money or go bankrupt a persons word was their bond ., but today bankruptcy is just part of business and this generation I dont believe has the values that their grandparents notice .I didnt say parents because in my time I have seen a shift in the culture towards debt.

  26. Enuff Avatar
    Enuff

    Heather
    Press on with your idea. The mouttas on BU should read about the Sou Sou Lands Project in Trinidad.

  27. Heather Cole Avatar
    Heather Cole

    Mariposa, I have never heard any of the older generation refer to a meeting turn is a scam.

  28. Heather Cole Avatar
    Heather Cole

    I have no doubt that there are several options that lead to the building an entrepreneurial society.
    With that in mind, this method pools resources and may very well be one of those options that Barbados needs.

  29. Heather Cole Avatar
    Heather Cole

    Thanks Enuff.

  30. Heather Cole Avatar
    Heather Cole

    @Donna, I may have news for you!

  31. Mariposa Avatar
    Mariposa

    Heather

    Mariposa, I have never heard any of the older generation refer to a meeting turn is a scam.

    No Heather ! because there were no scam artist better known as faceless internet crooks back then
    Furthermore nobody was treated as a number
    Also everbody knew physcially were everybody lived
    Most importantly character and integrity rule the Day a process by which all adhered and wore like a badge of honour for due respect

  32. john2 Avatar
    john2

    HC
    I agree with Enuff.
    Those that has no need for it, like donna, do not have to use it. If there is a need for it, those who need it will use it. If there is no need for it then you will find out. At least you would have tried to do something positive and to make a difference for others.

  33. TheOgazerts Avatar
    TheOgazerts

    Some post are above my head. Some posts I understand and some posts that I just don’t understand… Cannot begin to grasp how this meeting thing will work……

  34. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    It would appear that, as usual, everything here is a secret.

    People come and ask the author simple questions or seek clarification and here is what they are told

    And i will enumerate the answers to the questions and then I shall demit this article cause it has taken 2,000 grains of sand

    1.Why do you believe that this is NOT a pyramid scheme?

    Answer” “…I THE AUTHOR OF THIS SCHEME, have never heard any of the older generation refer to a meeting turn as a scam AND THEREFORE SINCE I HAVE NOT HEARD IT, even though a few of you in that generation have so intimatd it to be one, SINCE IT IS NOT IN MY KEN, IT IS NOT A SCAM

    2.How does your Su-Su differ from 10 people putting $10 in per month insofar as the lump sum is concerned?

    Answer: “…I WILL NOT ANSWER THIS QUESTION BECAUSE I AM THE AUTHOR OF THE SCHEME/SCAM AND I HAVE SPOKEN and that being the case god has spoken.

    You do not need any clarification as to the innards of my SCHEME/SCAM

    In fact, I have no doubt that there are several options that lead to the building an entrepreneurial society.

    With that in mind, this method WHICH DOES NOT GIVE ANY IDEA AS TO THE TERMS AND CONDITIONS OF ITS CONSTRUCT, pools resources and may very well be one of those options that Barbados needs (ON THE OTHER HAND IT MAY VERY WELL BE ONE OF THE SCAMS LIKE THE ONE AT THE CASA GRANDE but you are not to question my ideas.

    So says the party who was to rewrite the constitution of Barbados for THe Luminary Jeff Cumberbatch

    3.so if 10,000 Bajans put in $10 a month when will the 100,000 bajan get their turn (100,000 divided by ??? months Please express your answer in years.

    ANSWER: Please refer to the answers for 2 and one above because, like all of the existing nameless scams of this BLP regime, my party is in power now and we can change the laws and the COnstitution of the land to make any QuickSand Sandpit and box work to Bit(t)e your unsuspectinng ass#$ or pudendas

    4.does the amount of years needed for the 100’reth subscriber exceed the number of years that Mugabe plans to pay back the 85 year old pensioners their discounted bond principle?

    DITTO ANSWERS 1 – 3 because I HEATHER WILL MANUFACTURE THE RULES OF A NATIONAL SU-SU that will meet the parameters that i set up to serve those who have “…a need for it, (for they would be) those who need it will use it.

    If there is no need for it then you will find out and UNTIL YOU FIND OUT THE SU-SU THAT YOU HAVE CONCOCTED IS YOURS TO DO AS YOU WILL WITH IT.

    THis is the idiocy that Mugabe has bred because when we come to the minutiae of implementation there is nothing there but air blown up our collective pouches.

  35. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    @ Theophillus

    THe thing is that of the commenters here on Barbados you are a bonafide financier of serious renown

    It is just that you are a loyal Bajan and does toy with us here but ….

    You is a man who does not curse and that is the man that you were and given your age that is the man that you will be until you demit this life cycle.

    Look how easily you came here and said to all of us pretend grameen bank experts, ‘this is crap and it cannot work”

    “…Above your head?…” man de only thing that is above your head is ***

    THe problem here is that people REFUSE TO CALL SHY$# what it is but instead they love to tell people “gu long wid it, go long, we behind you” and the idiots feel emboldened by the encouragement and 10 years later here we are in the jaws of despair.

    I wonder if these effers realise that AFTER THIS EFFORT BY MUGABE, if it does not work, Barbados’ As.s is grass?

    But carry on smartly

  36. TheOgazerts Avatar
    TheOgazerts

    You are too nice… at times a few cuss words is the best sermon I can deliver but I stopped “cussing’

  37. nineofnine Avatar
    nineofnine

    If you can can conceptualize and believe it, you can achieve it.

    Heather, you mention “clusters”, are you suggesting that it, (clusters) would have a specific number of subscribers from a parish/ constituency, even multiple clusters within a constituency?

    Also, the accounting would be mammoth, are you thinking blockchain?

    Also, delinquency of subscribers will occur at times, what plans are in place to meet meeting turn payments? Is this one of the reasons in incorporating the banks?

    Will payments be made after x contrbutions or by the membership size of a cluster?

    Is the plan scalable?

  38. Simple Simon Avatar
    Simple Simon

    Heather it is noted that those who dismiss your idea are all male. Only whitehill was honest enough to speak the truth, that often a female led and run meeting turn was used to help the family, including those male members who may not even have deserved help, but who were never the less helped

    Heather go ahead and run your meeting turn. BUT, keep the men out of it. it is none of their business. Keep it as an all female thing.

    lawson asked about who gets their turn first, and the pedantic dribbler asks how will you ensure that people pay up once they have received their turn.

    Neither of them has any experience with meeting turns, otherwise they would know that those questions have already been answered in traditional meeting turns.

    These were the same questions asked of me by “foreign” coworkers when we successfully ran a meeting turn in the office for decades. I was never robbed. I never robbed anybody. I was not aware of any robbery taking place. But the foreigners were always afraid.

  39. Simple Simon Avatar
    Simple Simon

    INTEGRITY and TRUST.

  40. Simple Simon Avatar
    Simple Simon

    The foreigners felt that meeting turns could not work. yet the EVIDENCE is that meeting turns do work, and have worked for hundreds of years. Meeting turns preceded the rabid capitalism that fuelled the slave trade. And long after slavery was abolished meting turns continue.

    None of the fellas on this blog question capitalism with its booms and busts, its suicides and bankruptcies, its thieving and criminality.

    These fellas think that it is normal to trust foreign banks which demand that we pay them to keep out money, and yet they are willing to laugh you off the blog for daring to suggest a local indigenous solution to local people’s economic woes.

    Does anybody question capitalism because it has FAILED to make some of us or most of us rich?

  41. Simple Simon Avatar
    Simple Simon

    @Donna November 14, 20182:50 PM “I will be sticking with my credit union, thank you.”

    But Donna, nobody is asking you to divorce your credit union.

    It is possible to be part of a credit union, part of a meeting turn, do business with banks, and buy shares in Microsoft. Why do you feel that in order to participate in a meeting turn you must withdraw from other means of managing and growing your money?

    Do parents throw away the first child because a second or third or 20th is born?

  42. Simple Simon Avatar
    Simple Simon

    https://www.esusu.org/

    https://www.blackenterprise.com/esusu-app-digital-savings/

    https://www.diamondbank.com/personal/savings/diamond-esusu/

  43. Georgie Porgie Avatar
    Georgie Porgie

    I NOW KNOW WHERE TO GET THE MONEY TO PAY THE CIVIL SERVANTS AND THE IMF

    GO TO CASHNETUSA.COM AND ASK CASHNETUSA.COM..MAN!

    TRUE TRUE MUH TRUTE

  44. nineofnine Avatar
    nineofnine

    Let per chance say.. the objective is to reward/pay twenty persons per week so that persons will not have to wait x weeks or months or endure waiting until your turn comes around in a cluster of 500 subscribers.

    Each subscriber pays $50 per week.
    Pooling $25 000.Per wk.
    $100 000 per mth

    Plan1, Duration 6 mths
    Pool $600 000
    Paying 20 subscribers $1200 per wk
    Or 500 subscribers $1200 in 6 mths

    Let’s say per chance that the wait time for payments is 3 mths
    $300 000/500
    Each subscriber receives $600, the initial sum of investment

    What are the risks??

  45. Simple Simon Avatar
    Simple Simon

    When banks lend us money how do they know that we are going to pay it back?

    When we deposit our money in banks or credit unions how do we know that they are not going to shut up shop and run away with our money?

    When we hide our money under our beds how do we know that a thief is not going to break in and take it all away?

    When we sell our labour to an employer how do we know that we are going to get paid at the end of the job, the end of the week? the end of the month?

    TRUST.

    INTEGRITY.

    CONFIDENCE.

    How does the IMF know that we Bajans will repay the money borrowed from that institution/.

  46. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    @ Nine of Nine

    If you had not entered the fray I din going come back here

    One notes that it too you, a non author of the idea to work through a precticuum to show how the Su-Su mechanics will work.

    While you are at it Nine of Nine, since you have answered a few of the questions asked by others of the author, questions which SHE COULD NOT ANSWER, I would appreciate if you gave the airy fairy proposal some meat.

    The first part of one critical query is multiparted

    how would these funds be accounted for? who keeps the money? who are the signatories? where are the records published? how frequently? who verifies them to be such as they are declared to be? how do we know that John Doe exists? and he is not a figment of Rawdone’s digital imagination EUPHEMISM for Miss cole has imagined a Kay equivalnt for Rawdone’s subscriber who is to get the 10th draw.

    And my seond question is this

    It is a vey simple one.

    You asked what are the risks, I ask you what are the benefits?

    Su Su is an enforced savings with zero interest payment to the subscriber.

    Why would you seek to employ a zero return piggy bank in an age with inflation in the low double digits?

    Let us get real now why is a Su Su being relied on as opposed to a Grameen model?

    Byt the way you do realise that as with every one of these hairbrained ideas that have ne effing meat on them, that idiots like the tow of us come and work out the concept for the class idiots who only come and piss pun the front step and eave?

    Not one of the effers ent give 1/100 of an idea as to how de damn ingrunt ting going wuk BUT SHE GET TOLD TO CARRY ON SMARTLY.

    I going bet you dat she WILL NOT RETURN HERE TO SHARE ONE SYHT# with you as to what she is thinking about BECAUSE SHE WAS NOT THINKING.

    You are too young to know that she dun run a trick like dis pun the Luminary Jeff with rewriting the constitution a year ago AND NOT ONE LINE ENT GET PREPARED AS YET.

    I sorry but de ole man does remember dese tings dem and I only recall them to active memory because the consistent pattern annoys the badword out of me.

    ALl you does sometimes ask dese class idiots is to bring some thing to the table EVEN IF IT IS WATER.

    Every time dem comes dem does appear with a Carmetta Frazier Book and dem hands empty and dem mouf dry as Roger’s Quarry

    Steupseeeee

  47. Heather Cole Avatar
    Heather Cole

    @ Dribbler, I did not have enough time today to respond but now I can. After making two valid points about crown funding and start up investment, why can a home grown solution not work. We already have the blueprints to make Barbados successful but we have not utilized them to the fullest extent or we wait until some foreign person picks our brains, repackages the information and changes the name and presents it back to us. Is it the name that bothers you? You mean to tell me that you have not even bothered to click on the link to see the survey question and is keeping so much noise?

  48. whiteHill Avatar
    whiteHill

    Look here Simple Simon, please do not ever take any of my material to bash men, not Bajan men, I’ll will deal with Bajan men and their bull shit myself. I don’t know what the hell is wrong with you angry black women. Even to this day you black women are still going around picking up scum ass men trying to make something of them, then what; you end up old bitter, angry and full of shit. Stop making yourselves victims, recognized that most of you contributed to your present situation. By the way, do you still want my home made apple pie and ice cream, what flavor? I prefer vanilla, if you can bring whipped cream it may come in handy.

  49. Heather Cole Avatar
    Heather Cole

    @ Wily Coyote, I promise that I will not call. To everyone, why is there is fear of taking a simple survey? I just want to know your responses to the questions asked. It is all part of research that should be conducted before I wholly decide to embark on what I see as a tool that will assist the working class to collectively pool their resources to help one another on a national basis. The PM’s plan to loan funds for a person to become an entrepreneur will only help a limited amount of persons. What the about the thousands of others who do not have the requirements to get a loan from any financial institution?

  50. Heather Cole Avatar
    Heather Cole

    @ Piece, was the meeting term a pyramid scheme. The answer is no. I wrote a circular base. Along the base there will be clusters or groups of people. There may be ten bases for all I know but there will be no persons at the bottom contributing the turn of persons at a higher level. I want the working class people to prosper not anyone to get rich off their backs. We have had enough of. Time for change. Did you take the survey?
    Piesc, if Theophilus is into to banking or the traditional financing he may be afraid that this will work because soon he may be dealing with a reduced client There may not be a need for his services.

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