You have set up your Chama with great investment ideas. As you write down what you want to achieve with your group, you should be thinking about the crucial next step: How to pick the right people for your Chama.... View Article

The Chama business is done mainly during the monthly meetings. Thus it is important to ensure that your meetings are productive and all or majority of the members attend and are fully engaged. So, when is the best day of... View Article

Many Chama founders have a difficult time recruiting members for their investment clubs. At times they get people in who leave a short while after. In desperation to fill up their Chamas, they do things hurriedly making mistakes in the... View Article

Every Chama makes mistakes, but the key is to learn and not repeat them. That can be easier said than done. If strategic, mistakes serve any function; they are to teach Chamas how to avoid messing up. Ideally, Chamas everywhere... View Article

Many Chamas operate in a very informal fashion. No registration, just people who meet, contribute money and bank it or invest it without any sort of formal identity for the Chama. Whilst this type of arrangement may work in the... View Article

When a member decides to leave the Chama, it brings upheaval to the group as there is less contributions per month plus you have to withdraw savings from the bank or liquidate investments so as to refund to the leaving... View Article

Have you cast a clear vision for your new Chama? Can your members recite the vision in one sentence? Do they know the specific role they will play to be successful?  One Chama leader made a mistake of putting out... View Article

Whether you lead a small Chama just starting out or you have a large successful well established Chama, every Chama leader runs into these types: The members who don’t seem motivated, don’t deliver what they promise, and seem to spend... View Article

One of the key items that your Chama needs from the onset is a good constitution. The Chama’s Constitutition provides the legal framework for The Chama’s organisation. The Constitution should be signed by every Chama member and can only be... View Article

The Chama members’ contributions are just one of the things a Chama must rely on for financial support. The Chama treasurer’s role is vital to a Chama. The ability of the Chama to run smoothly is dependent on the financial... View Article