Chit groups are an extremely versatile financial tool that allow you to save money at better rates than comparable banking products (such as Recurring Deposits) and borrow more money than you have saved whenever you need it. Regardless of whether you borrow early or late during the group, you earn healthy dividends every month.
oin a Group and contribute to the pot monthly for a fixed tenure
Bid to win the pot anytime during the tenure of your payments. Remember lowest bidder wins
Dividend is distributed equally divided among the group members, including the bid winner.
The cycle is repeated each month, until all the members win a bid