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About: Chit fund     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServicesInIndia, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Event100029378yago:PsychologicalFeature100023100yago:Work100575741yago:YagoPermanentlyLocatedEntityyago:Service100577525yago:WikicatFinancialServicesInIndia New Facet based on Instances of this Class

A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose. Chit funds are often microfinance organizations.