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There are three ways of joining Amalgamated Chama Ltd. These are:

A. INVESTMENT GROUPS – CHAMAS

For an investment group to become a member of ACL : –

  1. Your Group MUST be member of the  Kenya Association of Investment Groups – If Not Please join

  2. Fill in the application form and pay a joining fee of Kshs 20,000.
  3. Invest either in 1m(Champion), 2m(Bronze), 5m(Silver) or 10m(Gold)
  4. Put a monthly standing order for a minimum of Kshs 10,000.
  5. Sign the shareholder’s agreement & get your share certificate
  6. Attend shareholders briefing meetings.

B. HODARI INVESTMENT GROUP – CHAMA FOR THE CHAMALESS

  1. Is a facility to enable individuals to  participate  in ACL – i.e. the “Chama for the Chamaless”
  2. Nominee account is  already opened with Njoroge and Regeru Advocates for the Hodari Investment Group
  3. To qualify to join, an individual would be vetted by the ACL Chairman and after admission, s/he will pay the K Shs 1 million capital, plus KShs 50,000 joining fee and make a commitment to pay Kshs 480,000 in the next two years.
  4. Target membership of Hodari is 100 individuals.
  5. Just before listing ACL on a stock exchange, this SPV (Hodari) will be dissolved and shares transferred directly to the individual (hitherto nominee) shareholder.

C. YOUTH WING – MABINGWA INVESTORS

  1. This is open to people aged between 0-35years. It also targets Student Groups who are members of KAIG.
  2. The minimum is Kshs.100, 000. One can invest in lots of Kshs.100,000, 200,000, 500,000 and 1M.
  3. For those less than 18years, the parents/guardians invest with and not for them for as low as Kshs.2,000 per month. The Share Certificate is issued once Kshs.100,000 is reached.
  4. For a Chama of Young people the same applies. The amount is also payable as a lump-sum.
  5. This is also open to individual Young People under a Special Purpose Vehicle known as Shupavu under the Mabingwa Investors. They however have to fulfil all the conditions of the Mabingwa Investors.