Arisan App In loan App

The arisan clubs are informally formed, yet have quite strict rules that all the members must follow. All members regularly pool an agreed amount of money or goods at a particular time, either weekly, biweekly, or monthly at each member’s house or a public gathering place. At regular periods – usually when the money or goods are being pooled – one or more members draw lots to get the amount of money or goods that has been collected. The amount of money or goods received will equal the amount paid to other members; it depends on how many people are allowed to draw in the lottery. Each member will take a turn to win, and the cycle will end when all members have the opportunity to win.

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