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5 Ways to Make Your Family Business Successful

 

Family businesses may be popular, but that doesn't mean they're all successful: The reality is that the majority of family-run businesses don't last past the first generation.

 



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About KAIG
 
FEATURE  
Amalgamated Chama - The Chama of Chamas

The Concept
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.

Our Purpose
To enable investment groups access investment areas that they cannot easily or economically venture into.

Our Goal
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.

Investment Areas
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
Membership
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.

Placement Agents

These include:
  • Founder members
  • KAIG
  • Selected agents approved by the Board

The Investment Process

  • Investment Proposal    
  • Board
  • Investment Advisor
  • Board Ratification
  • Investment and monitoring
Source: ACL Website
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