Definition
互助会 is a mutual-aid association, typically a rotating savings and credit association (ROSCA) where members contribute regularly and take turns receiving the pooled funds. It is a common informal financial institution in Chinese communities, used for saving money or raising emergency funds.
noun
mutual aid societyrotating savings and credit association (ROSCA)
Examples
- 互助会，。Tā cānjiā le shèqū de hù zhù huì, měi yuè cún yì qiān kuài qián.She joined the community mutual aid society and saves 1,000 yuan every month.
- 互助会，。Tōngguò hù zhù huì, tā hěn kuài còu gòu le kāi diàn de zījīn.Through the mutual aid society, she quickly raised enough funds to open a shop.
- 互助会。Zhège hù zhù huì bāngzhù le hěn duō xūyào yìngjí zījīn de jiātíng.This mutual aid society has helped many families in need of emergency funds.
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