{"id":68,"date":"2018-11-26T00:51:49","date_gmt":"2018-11-26T00:51:49","guid":{"rendered":"http:\/\/grchits.com\/?page_id=68"},"modified":"2018-12-15T07:52:41","modified_gmt":"2018-12-15T07:52:41","slug":"chit-works","status":"publish","type":"page","link":"https:\/\/grchits.com\/?page_id=68","title":{"rendered":"Chit Works?"},"content":{"rendered":"<div id=\"pl-68\"  class=\"panel-layout\" ><div id=\"pg-68-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-68-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-68-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-70 alignleft\" src=\"http:\/\/grchits.com\/wp-content\/uploads\/2018\/11\/chitworks.png\" alt=\"\" width=\"600\" height=\"410\" srcset=\"https:\/\/grchits.com\/wp-content\/uploads\/2018\/11\/chitworks.png 600w, https:\/\/grchits.com\/wp-content\/uploads\/2018\/11\/chitworks-300x205.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-68-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-68-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<div align=\"justify\">\n<p>It is a mechanism that combines borrowing and savings in a single scheme. In a chit fund scheme, a group of individuals come together for a predetermined time period and contribute to a common pool at regular intervals. Every month, up until the end of the tenure of the scheme, the collected pool of money is loaned out internally through a bidding mechanism to the most deserving member. This way, people who are in need of funds and those who want to save are able to meet their requirements.<\/p>\n<p>Chit fund is equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous throughout the world. ROSCAs are a means to<span style=\"color: #000080;\"> <strong>\"SAVE AND BORROW\"<\/strong><\/span> simultaneously. It is considered one of the best instruments to cater to the needs of a customer. It enables people to convert their small savings into lump sums.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>It is a mechanism that combines borrowing and savings in a single scheme. In a chit fund scheme, a group of individuals come together for a predetermined time period and contribute to a common pool at regular intervals. Every month, up until the end of the tenure of the scheme, the collected pool of money [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/pages\/68"}],"collection":[{"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/grchits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68"}],"version-history":[{"count":5,"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/pages\/68\/revisions"}],"predecessor-version":[{"id":163,"href":"https:\/\/grchits.com\/index.php?rest_route=\/wp\/v2\/pages\/68\/revisions\/163"}],"wp:attachment":[{"href":"https:\/\/grchits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}