In every Chama, money is always involved. Money which belongs to the Chama as a whole not to the members concerned. The person who looks after the financial affairs of the Chama, the Treasurer, wants to do what is in... View Article

Many Chamas have dreams of owning property for rental. There is a strong interest in people looking to enter the property market but typically lending institutions require a deposit of about 20 percent of the total value of the home.... View Article

You have formed your Chama and the first meeting has been very successful. So, what next. The ideal thing to do after your first meeting has been a success you’ll want to make sure that certain things have been completed... View Article

Real estate has always been considered to be one of the top-notch investment options. However, if you are thinking of acquiring a rental property through mortgage, you and your Chama members must be very vigilant, lest you make a poor... View Article

What sets average and successful chamas is their way of thinking. The trouble is many new chamas make the same similar mistake and are quick to jump into the first investment that comes along. Here are some ideas to help... View Article

Most chamas that aren’t successful fail within their first year or so of operation. Typically, according to Christine Mugaka of Bank of Africa, the reasons for failure comes down to the same problems, time and time again. Chamas, like many... View Article

By Mary Anne Zita Imagine if you could just sit at home and earn money while you relax. That’s what is known as passive income. You can earn that with very little in your hands with something that Jamii Bora... View Article

One of the pillars of becoming financially independent lies with investment. Whilst some of us are good at making investments, many of us have no clue or need prompting to stay on course. That’s where Chamas come into play. We... View Article

By Mary Anne Zita As you continue to save money for your Chama, I am sure that you have a bank account with a certain bank where you put money for the Chama. Chances are the account is either a... View Article

Many banks and financial institutions are falling over themselves to lend money to chamas.  In fact chama banking is the new vogue in banks; many of them coming up with goodies to entice a chama like yours to join them.  However, though... View Article