mutual financing association; rotating savings and credit association
A traditional Japanese rotating savings and credit association (similar to 頼母子講). Members contribute regularly and take turns receiving the pooled funds.
See also: 頼母子講
The mutual financing association functioned as a local mutual aid organization.
He raised a lump sum of money through the rotating savings association.
Compound of 無尽 (mujin, 'inexhaustible') and 講 (kō, 'association' or 'meeting'). The term reflects the idea of a mutual aid group where resources are pooled and circulated among members.