Chit fund business chit fund modules chit fund online chit fund concept

Chit Fund Business - Chit Fund Modules Chit Fund Online - Chit Fund Concept •Meaning of “Chit”: ▫a transaction by whatever name ▫ wherein a person enters into an agreement with a specified number of persons ▫ every one of them shall subscribe a certain sum of money by way of periodical installments over a definite period and ▫ That each such subscriber shall, in his turn, as determined by lot or by auction or in any other manner as in the chit agreement, be entitled to the prize amount.

http://chitfunddevelopment.blogspot.in/ http://chitfundSoftware.blogspot.in/ Mr. Santhosh Kumar

Mobile: +91-9590355556 & 09886461360 / 9916807666

E-Mail: info@websoftex.in Websoftex Software Solution Pvt Ltd No: 240/A, 3rd Cross, Mathikere, Near SBM Bank, Bangalore-560054, Karnataka, India.

http://webchitfundSoftware.blogspot.in/ http://chitfundsoftwarein.blogspot.in/

Chit Fund Company is simplifying things and increases their efficiency. Provide secured online access to it members. Members can see next payment information-amount to be paid along with Loan details etc. It is one of the simplest software dealing with chit fund amount transaction of financial institutes.

Use of the Chit Money Chit managers do not require the members to specify the purpose to which they deploy the funds. Generally, chit loans are used by households for consumption purposes like marriages, buying property (land, vehicle etc.) and education. It is primarily considered a means to saving free cash by the women of the household in order to provide for any contingencies that may arise in the future. Sometimes, the chit fund loans may also be used to settle outstanding loans with the money lenders. The chit member may use the ’pot’ to pay off the money lender loan which is at a much higher rate and thus save money. Such members, who have several loans from varied sources, may run the risk of defaulting in some cases, as they may be caught in the ’vicious circle of debt’ or the ’debt trap’.

More: www.Chitfundsoftware.in

Mr. Santhosh Kumar

Mobile: +91-9590355556 & 09886461360 / 9916807666

E-Mail: info@websoftex.in Websoftex Software Solution Pvt Ltd No: 240/A, 3rd Cross, Mathikere, Near SBM Bank, Bangalore-560054, Karnataka, India.