A minimum of four people can start an investment club. Typical clubs can have up to 15 to 25 self-selected individuals.
This largely depends on the purpose of the club and can be derived from what you do or intend to as a club. Members must be agreeable to the proposed names.
Members can come from different places within the community. These can be individuals carrying out similar economic activities in the community, friends, religious groups, family members among others.
A free editable soft copy is available at all Bank of Africa branches. Your club will simply edit it to suit the club needs.
The by-laws will guide your operations in all aspects. Further information can be obtained from all our branches or write to the custodial team on [email protected] or reach them on +256414302135 to get help.
- Investment clubs are an excellent foundation for bigger investment ventures you can undertake as a club – buy land, develop real estate, or any other income generating ventures to grow your portfolio. Imagine this, what you could not do as an individual is now possible – together.
- Pool resources to gain financial experience and knowledge sharing.
- Benefit from shared responsibility and risk management. You do not have to bear the risk of developing alone.
- Boosts your social, financial, and professional networks within your community.
All members must sign the by-laws since these are legally binding and define them as members of the club.
