Kootu schemes can leave participants counting losses
Photo: New Straits Times
KUALA LUMPUR: "Kootu", also known as tontine, is a money-pooling arrangement where members contribute a fixed amount regularly and take turns receiving the entire sum collected.
From the original report
For example, if 10 people contribute RM1,000 each month, one participant receives the RM10,000 pool in the first month.
Another participant receives the same amount the following month, with the rotation continuing until everyone has had a turn.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
Read the full translated article in Japanese →
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About this story
- Source
- New Straits Times
- Originally published
- Aug 6, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
- Corrections
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