ChitPools is an alternative to traditional banking. When you deposit money in a bank, the bank uses your money to lend to other people. Those people pay interest on their loans and the bank makes a profit. Wouldn’t you rather have that interest paid to you? Click here to find out all about chits and learn how you can use your money to make money.
Chits originated in India as another form of a savings accounts. They are also used extensively for small business financing.
Wiki- Chit fund