Investment groups commonly referred to as “chamas” have defined the way of living from time immemorial, People have joined chamas to achieve different goals, from coming together to invest in land, build houses or simply saving for holidays, chama have confirmed the adage, “When people come together, great things happen.

Here are some key tips to follow as achieve your devel- opmental goals.

1. Think Long-term:

As an investment group its always key to think long term, look at projects that have a long shelf life and one that  will motivate your members to be active members of group. A short-term goal makes it difficult to manage the groups money because of short term outlooks, decisions need to be made very quickly and most groups only meet monthly. Remember trying to make money over a shorter period is a bad approach, not only for beginner group but also  established  investment groups.

Long term could be investing in real estate, partnering up with your friends in the chama can be an effective way to increase your buying power and get into deals that you could not otherwise pursue. Members must be made to understand that this is a long-term investment that may not bring instant earnings but will be lucrative as the  years go by

2.The Bottom Line

Chama or investment clubs are an excellent wat to ease into investing without getting burned or ripped by unscrupulous brokers especially when purchasing that piece of property. Whether you start your own club or join an existing one, you will find that being a member of a Chama is an enlightening  experience.

3.Chama By Laws

A bonus of incorporating is that the process requires you to write bylaws, or rules for the club. Even if you do not plan to incorporate, it’s not a bad idea to have some rules. Bylaws clearly define the focus and operations of the   club. Business should be conducted and can spell out how   dues will be allocated. They can also be a recruitment  tool, since they let you show prospective members how the club works. You can look for sample bylaws and work collaboratively to draft and adopt its own  bylaws.

Key Features:

• A ready freehold title deed
• 300 meters off the Kenol-Koma Highway
• A  perimeter fence
• Controlled development
• A well-designed community center
• Proximity to key amenities such as hospitals, schools .

Call us on 0788 30 30 30