Loans only to fully paid-up members
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Financial model
Member finance designed around transparency and enterprise growth.
The constitution provides for registration fees, monthly contributions, project income, grants and an internal revolving fund.
SOURCES OF FUNDS
Multiple income streams, one accountable system.
01
Registration fees and monthly contributions
02
Sale of tree seedlings, coffee seedlings, poultry and goats
03
Interest from the internal loaning system
04
Grants, donations and fundraising activities
CHAMA / REVOLVING FUND
Constitutional loan principles.
Maximum loan guided by available funds and up to three times a member’s savings
Constitution currently records a friendly 12% interest rate, subject to final clarification on whether monthly or annual
Every loan requires at least two active-member guarantors
Important clarification: the constitution states an interest rate of 12% but leaves “per month/annum” unresolved. The website therefore presents this as pending formal clarification rather than inventing a period.
FINANCIAL CONTROL
Two signatures minimum, Treasurer mandatory.
Chairperson, Secretary and Treasurer; withdrawals require at least two signatures, with the Treasurer mandatory.