
In India, kitty parties are social events held as part of an informal
savings club
A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending.
The first academic descript ...
. It is a kind of
party
A party is a gathering of people who have been invited by a host for the purposes of socializing, conversation, recreation, or as part of a festival or other commemoration or celebration of a special occasion. A party will often feature ...
usually organized by women, and commonly held in the afternoon on a monthly basis.
''Kitty'' refers to the amount collected at the party, every member contributing a certain sum of money each month. The kitty is handed over to one member of the group every month.
Chit fund
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relativ ...
s operate along similar principles.
It is usually held at a specified time each month, by a specific group of women. Every member of the group has to host a party at least once. The hosting member organizes food and other logistics.
Rahul Gandhi delights Lucknow kitty party
/ref> In most of India and Pakistan, it is usually simply referred to as a 'committee'.
The party may include games, and may involve a theme of discussion on a topic with other members.
References
{{Parties
Parties
Women's events
Women in India
Women in Pakistan
Indian culture
Pakistani social culture
Informal finance
Informal economy in Asia