Chit Funds: India’s Oldest Form Of Banking Seeks A New Look
A woman receives a micro-loan during a meeting at Sadasivpet, India. (Photographer: Adeel Halim/Bloomberg)

Chit Funds: India’s Oldest Form Of Banking Seeks A New Look

Chit funds are among India’s oldest forms of banking. They offer a savings and borrowing mechanism to the many excluded from India’s formal financial system. Yet, they are often associated with sca...
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