Amalgamated Chama - The Chama of Chamas
Amalgamated Chama Limited (The Chama of Chama’s) is a limited company formed under the auspices of KAIG. It will provide an avenue for investment groups to pool their resources and realize superior long term returns under a serious, dynamic and best-practice run investment group. Groups will thereby be invited to buy shares.
It will also provide the Kenya Association of Investment Groups with a long-term, sustainable financial base. Through the assistance of professional investment advisors, the company will assess/originate investment opportunities to consider investing in.
To enable investment groups access investment areas that they cannot easily or economically venture into.
ACL targets to raise Kshs 1 billion by the year 2015 under a well functioning and world class run board. A category of 20 members called Founder members will market the company. By 2020 we would like to be listed on a recognized exchange.
In areas individual chamas cannot effectively do.
These will include the following:
- SME Financing – Equity & Debt Convertibles
- Private equity
- Real estate ,mezzanine finance and syndication
- Co – invest with member chamas
All applicants must sign a shareholders agreement.
The first 20 individuals to commit Kshs 1,000,000 which can be paid in installments of 12 months will be known as founder members and these ones must pass a vetting interview.Their main role will be to market the chama of chamas. A share certificate will be issued on full payment. They would then form the Founder’s chama. All other investment groups must be registered KAIG members and should pay up a lump sum amount of Kshs 1,000,000 as joining fee.
- Founder members
- Selected agents approved by the Board
The Investment Process
Source: ACL Website
- Investment Proposal
- Investment Advisor
- Board Ratification
- Investment and monitoring