How Uma Chit Provides Affordability?

in umachitfund •  3 years ago  (edited)

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Introduction

The objective of Uma chimt funds is to be the best chirt fund company in the world. This will help the people to save money and also avail loans when necessary. Apart from this, they can also make some extra income with the help of their chit funds. Here are some of the features of this chit fund company. All you have to do is invest in them and enjoy a better financial life. One of the advantages of UMACHIT FUND is that the business is transparent and decentralized. In addition to that, the platform is backed by cryptocurrency. This means that it provides a secure source of fund during emergencies or other financial calamities. The UMACHIT FUND is also backed by blockchain technology. It's also a good option for people who are unbanked in India. A chit fund is a mutual fund where people pool their money for a specified period of time. The purpose of a chit fund is to provide financial support to people. During difficult times, the investor may need money in a hurry. This chit fund will provide them with the needed funds. And, if the investor wants to invest in a chit, the chit fund will protect the investor's money.

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How It Works


As the name suggests, Uma aims to become the leading chimt fund company in the world. It will be the first chit fund company to use blockchain technology. The platform will be based on cryptocurrency and will allow chimt funds to be listed on the site. This will give the investors increased transparency and security while giving them an additional source of reliable funds for financial emergencies.The Uma chimt funds aims to become the leading chimt fund company in the world. The chimt funds allow individuals to save a lump sum and pay it back over a period of time. However, in recent years, the chit fund industry in India has become notorious for scams. This has led to the establishment of formal investment avenues.

About Utility Token


The Uma chimt fund token is an ERC20 compliant utility token. The Uma chimt fund is an ERC20 compliant utility token that enables the users to participate in the chit fund industry. The chimt is a type of savings and credit system that allows members to save money. It is also a popular way to lend money to the poor.The Uma chimt fund aims to become the leading chit fund company in the country by providing loans to people in preset amounts. Its customers can use these funds to buy cars, houses, and education. Unlike moneylenders, chits require little or no paperwork and are convenient to use. The value of a chimt fund is predetermined and the duration is set by law.

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About Uma Chit’s Affordability


Multiple rounds and chit fund schemes will be launched on the platform considering the financial aspect of each and every participant on the platform. The monthly EMI’s of chit fund schemes will range from 50$ to 1000$ considering the capacity of every registered member on the platform. Therefore, a member can opt to participate in any chit scheme he feels like. Although, he/she should keep in mind that the whole chit round amount must be stored on the platform as collateral or an auto-debiting agreement for a specified period of time is signed with the platform using credit/debit cards. Therefore, the platform provides an opportunity to each and every user to start small and build big. Hence, working towards the financial strengthening of its participants. The joining fees and the monthly EMI’s will be kept as low as possible taking into consideration the total pot amount of the chit rounds for a specified duration. Therefore, a user will have multiple scheme options to select from and participate in a particular chit scheme suitable to his/her needs. The withdrawal fees of the pot amount will depend upon the type of payment method chosen to in-cash the borrowing sum. It will be kept transparent and as low as possible.

Website Link


Website: https://umachit.fund/
Facebook: https://www.facebook.com/umachitfund
Instagram: https://www.instagram.com/umachitfund

#umachitfund #startup #blockchain #ethereum #chitfunds

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