Garmaine asked 4 years ago
in our country people save money in informal, interest-free savings circles called ballot committees. these are run by housewives, students, office workers, shopkeepers, even high-society ladies. Each member of a group of trusted friends or relatives contributes the same sum daily or monthly to a pool for a predetermined length of time, usually one year. Through a ballot, each participant is allotted a number indicating his or her turn. Every month, one participant gets the pool total. Everyone on the committee keeps contributing until each member gets a pot of cash.
If I have been saving money using such means how can i show its evidence….each month a specific amount has been withdrawn from my account and after 6 months has been transferred in the form of a huge amount….how can i show the evidence of this huge amount coming from the commitee?
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