Proof of Funds for kitty/chit funds

[mjh1981]

Dear forum members,

Me and my family members save through contribution to a kitty/chit fund. For a year, every month we set handover a fixed amount to a friend who has organized a group of 12 people and receive a lump sum amount at a predetermined date/month. I am expecting to receive around $10000 as my share next month and intending to use it for immigration.

Please advise how to explain this amount to be credited to my account.

Thanks.

 

[jackdawn]

Dear forum members,

Me and my family members save through contribution to a kitty/chit fund. For a year, every month we set handover a fixed amount to a friend who has organized a group of 12 people and receive a lump sum amount at a predetermined date/month. I am expecting to receive around $10000 as my share next month and intending to use it for immigration.

Please advise how to explain this amount to be credited to my account.

Thanks.

This is new to me, receiving kitty funds. How will u receive it? If u r receiving it online and form one of the family members, then may be u can get a gift deed from that family member done. This is just a thought i had as an option

Let some more members throw some light

 

[mjh1981]

This is new to me, receiving kitty funds. How will u receive it? If u r receiving it online and form one of the family members, then may be u can get a gift deed from that family member done. This is just a thought i had as an option

Let some more members throw some light

Thanks a lot for your prompt reply. I will be receiving it in cash from a friend who's managing the pool for everyone. I think your suggestion for going the gift deed route is a viable one...i might opt for this.