
a peculiar cultural tradition
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This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
- Cirwaaq
- SomaliNet Super
- Posts: 6472
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Re: a peculiar cultural tradition
make sure you know who you are getting involved with... This Barawani man ran off with my friends money
Tuug

Re: a peculiar cultural tradition
Did this happen in the UK?Cirwaaq wrote:This Barawani man ran off with my friends money Tuug
- Mad May
- SomaliNet Heavyweight
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Re: a peculiar cultural tradition
You're meant to do it with friends and family, otherwise lacagtaa lagaa xadaayaa 

- kambuli
- SomaliNet Super
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Re: a peculiar cultural tradition
Big strong man,
It is not only about saving, it is also about availability...e.g, when 10 women plan to do ayuuto, shaloongo or hagbad of lets us say $500.00 each month.. Every woman gets her $5000.00 one month.The trick is here, if one of them needs the money ight away..she says," can I be the first one to take? So in that case she gets the $5,000.00 right away without interest or any other thing attached to it...
This works very well for people with limited income 
It is not only about saving, it is also about availability...e.g, when 10 women plan to do ayuuto, shaloongo or hagbad of lets us say $500.00 each month.. Every woman gets her $5000.00 one month.The trick is here, if one of them needs the money ight away..she says," can I be the first one to take? So in that case she gets the $5,000.00 right away without interest or any other thing attached to it...


- gurey25
- SomaliNet Super
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Re: a peculiar cultural tradition
I find hagbad to be usefull...
in the past my money was tied up in xaraam activities like stock market and currency speculation
but since ive gotten out of those.. with my shirt on my back (barley)
i tend to leave my savings in my bank account..
with hagbad it is only among family and close friends.
you help them out by giving them access to your savings and you benefit by having a lumpsum available for use immedietly without borrowing.
in the past my money was tied up in xaraam activities like stock market and currency speculation
but since ive gotten out of those.. with my shirt on my back (barley)
i tend to leave my savings in my bank account..
with hagbad it is only among family and close friends.
you help them out by giving them access to your savings and you benefit by having a lumpsum available for use immedietly without borrowing.
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- SomaliNet Super
- Posts: 6956
- Joined: Wed Jan 10, 2007 3:18 am
- Location: In Xamar Stealing My Stuff Back
Re: a peculiar cultural tradition
I never understood hagbad either...sometimes they have like 10 people in a $1,000/month hagbad. I know you're supposed to only do it with people you trust, lakiin $10,000 is enough to ruin friendships over 

- SultanOrder
- Posts: 21695
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Re: a peculiar cultural tradition
They use to do this at the little shops in Dhagaxbuur, where each day someone would collect money from all the shops, and she would use this as investment capital to buy more products, and when someone was leaving or something they would get a lot of money back.
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