KCA-Members is a 1000 years old financial instrument intimately connected with millions of people in developing countries. KCA-Members is popular among the low-income group, self-employed and salaries class. A study by the institute for financial management and research (IFMR) has found KCA-Members prove to be successful providing an innovative access to finance for low income households. Study was conducted in India.

The chit fund also known as chitty, or kuri in India and ROSCA (Rotating Savings and Credit Association) internationally, occupy a unique position in the financial system of India. This indigenous financial institution prevalent even before the evolution of banking, had its origin in Southern of India, when the transactions were in the Barter System.