Uganda, Feb. 20 -- With the increasing need for quick cash, many people are resorting to forming merry-go-round groups commonly known as cash rounds.

A merry-go-round group is a self-help organisation which mobilises resources mainly from members' periodical-rotating savings. This type of saving scheme is common among like-minded people, and lately, it is frequent in WhatsApp groups.

The scheme is used to largely support one another in good and bad times. Many describe them as saviours, without which they would not save money.

For instance, an average salary earner of about Shs1.5 million net or a businessman who profits, say Shs500,000 a month, is likely to struggle to save given the increasing standards of living which exerted enormo...