Roscas

1 article · search the full text for this term

• Published Subscription 22 Nov 2022

  Measuring Risk Attitudes and Time Preference in Rotating Saving Credit Associations

  By Indu Choudhary

  Abstract: A rotating saving credit association, popularly known as ‘Rosca’, is a financial mechanism functioning over a fixed period of time. It involves formation of a group of people contributing fixed amounts of money to a pre-determined pool every period. Each participant either through draw of lots or bidding is entitled to the rosca pot in a given round. The rosca cycle ends when each person in the group has received …

  Published in Research & Reviews : Journal of Statistics · Vol. 6, Issue 1, 2017 · pp. 18–23 Read article →