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ROSCAs and Chit Funds

5.9K views
•
August 17, 2015
by
Marginal Revolution University
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ROSCAs and Chit Funds

Transcript

Hi, today we're going to be looking at ROSCAs and Chit Funds. What is a ROSCA, what is a Chit Fund? A ROSCA is a Rotating Savings and Credit Association Here's how it works. We have four people, Aadi, Hansa, Viraj and Prija. In period one, they each put 10 dollars into a pot, creating a pot worth 40. One of them is then randomly chosen to rece... Read More

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