Table 1.

Classification of groups.

		chit value			monthly contribution
Groups divided by:		Low	Medium	High	Low	Medium	High
Chit value/contribution:		(1)	(2)	(3)	(4)	(5)	(6)
Duration
20 months		17.42	3.35	5.79	–	23.29	7.02
25 months	SHORT	8.51	8.77	17.38	10. 25	–	27.41
30 months		–	49.29	5.79	–	40.85	14.47
40 months		73.87	24.77	18.90	88.93	23.41	13.60
50 months	LONG	0.20	0.90	38.11	0.82	0.24	27.41
60 months		–	12.90	10.67	–	12.20	7.68
100 months		–	–	3.35	–	–	2.41
Total		100.00	100.00	100.00	100.00	100.00	100.00
Total no. of groups		1,022	775	328	849	820	456

Note: Chit value is the product of the monthly contribution and the group duration (in months).Chit value: Low if chit value = 10,000; Medium if chit value 10,000–50,000; High if chit value ≥ 50,000.Contribution: Low if contribution < 500/month; Medium if contribution 500–1,000, High if contribution > 1,000.Duration: Long ≥ 40 months.