Chit Fund Summary

Websoftex Software Solutions Private Limited, a Bangalore based Company, an authorized Software service provider engaged in Chit Fund Software Developement http://chitfundsoftware.in

Chit Funds are autochthonic money establishments in Asian country that cater to the money desires of the low-income households that are excluded from the formal financial set-up.

 

It is a mechanism that mixes credit and savings in a very single theme. in a very tab fund theme, a gaggle of people move

For a pre-determined period of time and contribute to a standard pool

At regular intervals

 

Every month, up till the tip of the tenure of the theme, the collected pool of cash is loaned out internally through a bidding mechanism to the foremost worthy member