Chit Fund: Simplifying the Chits Business
Chit Fund is a free Android app developed by Prayuta that simplifies the Chits business. The app is mainly focused on local customers who contribute a fixed amount of money every month, depending on the total amount and the number of contributors. The contributed amount is auctioned, and the person who wins the auction receives the total amount. The remaining amount is distributed equally among every contributor. This process happens every month manually, and one coordinator needs to maintain books for every chit. The app simplifies the work of the coordinator and the auction process.
Chit Fund offers many features such as online bidding for chits, automatic calculations and reports, and in-depth reporting for all your chits. The app is a one-stop-shop for all your chit needs. You can manage all your chits and payments from anywhere and any device. The app supports both online and offline modes, and all your data is stored securely and can only be accessed by you. You can also fix your bidding step amount and commission rates. With Chit Fund, you can track all your pending and monthly collections easily.
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