Chit Funds

Chit funds are the Indian version of ROSCAs that have not been fully discerned yet. This ancient concept has been developed into an entire industry in India with large companies providing the service. This project provides an introduction to ROSCAs and then describes the business model developed by the Indian companies. This paper was written while working with Indira Gandhi Institute of Development Research.
Parikshit Kabra,
Jan 27, 2012, 10:40 AM