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A regular social gathering of women in which each member contributes money to a central pool and lots are drawn to decide which member will get the entire sum.
Kitty parties are popular ways in India and Pakistan for women to socialise within the context of an informal savings club. It is a kind of party usually organised by women and 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.The chit funds 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 organises food and other logistics, and the party is usually a gossiping place for women. 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.
The motive of these parties is being friendly with other group members.
A kitty party is a get together of, usually, housewives ,where the party is held in one lady's house or in hotel,(if house is not convenient) every month. One lady collects money from all members who intend to attend the party or One person throw the party in turns. Food is arranged by the hostess,a few games, gossiping, tambola .....it is actually a way of time pass and saving and sense of belonging to a group.
Kitty Parties may include :
Inside India’s elite kitty parties
The word ''kitty'' originally meant the pool of stakes to be played for in certain card games. In colloquial use, it also referred to any fund or savings for joint use like the chit fund. Later, the system of raising a common fund became very common among women of high societies.
In this system, every month each member contributes some amount of money. Some games are played and the winner is honoured with the fund so raised. A kitty party also uses the funds for other recreational activities such as picnics, etc and also for helping any member in need.
It may be also viewed as a miniature form of the cooperative credit societies that became popular among the employees of several companies.