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Chit Fund Software - Chit Fund Management Chit Fund India

https://www.youtube.com/watch?v=W1--sPbZYpQ&feature=youtu.be http://www.youtube.com/watch?v=tLzu3NxL6lY&feature=youtu.be http://www.youtube.com/watch?v=ymhPSkT94p0&feature=youtu.be http://webchitfundsoftware.blogspot.in/ http://chitfundsoftware.blogspot.in/ http://chitfundaccounting.blogspot.in/ Websoftex Chit Fund software is a web based application for Chit Fund Companies.Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc.

Mr. Santhosh Kumar

Mobile: +91-9590355556 & 09886461360 / 9916807666

http://chitfundsoftware.in E-Mail:

info@websoftex.in

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

Chit Fund - Chit Management – Chit-Fund Why use Chit Funds?

In many parts of India, Chit Funds address gaps left by the traditional banking sector. They mobilize huge amounts of small savings, and in return allow members to have access in the form of loans to lump sum amount of money that they would often not be able to get from traditional banks. Easy accessibility and flexibility are important aspects of this form of financing. Compared to banks, Chit Funds require less documentation, are more flexible about collateral, and allows to determine own interest rate (within the constraints of a given chit scheme). Furthermore, there is no need to determine upfront whether funds are used for saving or borrowing.

This is a salient feature of chit funds as it not only puts in place a disciplined saving mechanism, but it also allows to access cash when needed. In addition, as Chit Funds use the funds of the participants there is much less capital requirements for the institution (unlike banks). Literature shows that the primary uses of Chit Funds are the following: T o address consumption needs such as marriage, education, property purchase and so on.  T o p a y o f f c o s t lie r lo a n s f r o m o u t s id e s o u r c e s lik e lo a n f r o m m o n e y lenders.  T o a d d r e s s w o r k in g c a p it a l, b u s in e s s e x p a n s io n o r s t a r t -up capital needs of small businesses.  F o r e m e r g e n c y n e e d s o r s im p ly a s s a v in g s f o r f u t u r e n e e d s .

Our survey results also show that Chit Funds are mainly used as a tool for saving and as a source of loan for consumption, business and emergency purposes.

Mr. Santhosh Kumar

Mobile: +91-9590355556 & 09886461360 / 9916807666

http://chitfundsoftware.in E-Mail:

info@websoftex.in

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