Hi guys, what is kutu fund? What do you gain from playing this kutu thingy

A group of people poll money loan to each member for a month, repayment then goes to another member. Cheaper than borrow money from bank for small business.

Kutu also have funds ka?

kutu so rich.

Makciks do it for them to have a reason to make monthly party with friends.
Isn't always about money.

but how they profit?

its not about profit, its about Force Saving motivation among the group

by the way, by akta its illegal

do it on ur own risk and to minimize risk thats why they always do with friend that they trust. not some outsider lol coz ur money easily gone like that

but what i heard was, after u pay , u will get additional money in return

its not profit oriented
merely like borrowing from a friend

https://m.utusan.com.my/rencana/utama/kutu-oh-kutu-1.758853

thats wrong concept

kutu you will never receive additional money

example 12 person do kutu with each person contribute 100 ringgit

that 12 person will then choose which month to receive money. So person 1 maybe take january and last person take December. Person 1 will receive 100 X 12 person = 1200 ringgit for that month and remaining month, he/she need to pay 100 each month without receiving any more money. That last person who take December, will only receive his money on December. From Januari to december he still need to fork out his 100 ringgit per month

that is not additional money, it just force saving

i see now. thanks alot guys!

Not about money, yeah right.

Your version is not attractive. Those who receive later lose out in opportunity cost. No money to gain and risk of losing money (banker cabut).

The version I heard of:
1. The desperate one can borrow from the fund
2. The one whose turn to receive money can opt to lend to those who need money, with interest payable.

why mother kutu like to take first month? as enforcer, she should take last.

if your turn is at month 10 like playing with other 9 contributors at rm100/pax

might as well just bank in every month to your saving account, same also gets rm1k at month 10

Crowd sourcing + P2P Loan from ancient time

That is why it is illegal. Law prohibit it because anytime banker can cabut from the group if he/she want too. Thats why people do kutu in small group / family / friend / coworkers only. But then also can happen that some escape paying because already got his / her money earlier

And why my version is wrong? That is kutu definition, other than that its pure Pyramid Scheme Cepat Kaya <<<<<< the version of you heard

I observe it is maninly aweks that do this kind of thing at my workplace.
Imho better to save in asb. But I understand the temptation for quick and large sum for impulse spending.

Get RM1200 as modal to do bisnez than profit! Maybe profit RM500..then pay back other members to do bisnez...kan untung this kutu game thing

Some people do it because its like a motivation / or force saving. Some people cant even commit to save the money by oneself. Thats why KUTU happen.

Thats all, no need to overthink it. Lol

It does not work that way. Lol