manager: chamazetu support
chamazetu
supportchamazetu
Join Safari Savings Circle, a vibrant public chama for collaborative saving, earning, and investing. Grow together with our dynamic community!
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savingCreated on: 20-November-2024
Contribution amount per share: Ksh 500
Late contribution fine per share: Ksh 100
Contribution frequency: weekly
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merry-go-roundCreated on: 20-November-2024
Contribution amount per share: Ksh 1000
Late contribution fine per share: Ksh 100
Contribution frequency: weekly
Our Mission
To empower individuals through collaborative saving, disciplined investment, and rotational funding for shared financial success.
Our Vision
To build a financially inclusive community where members achieve their personal and collective financial goals with trust, transparency, and innovation.
Our Rules
- Timely Contributions: All members must contribute by the set deadlines to ensure operations for all activities, failure to that they will incur set fines.
- Participation Requirement: Active participation in discussions and activities is mandatory for continued membership.
- Transparency: All financial records and decisions will be shared openly with members.
- Penalties for Late contributions: Late contributions will incur fines to maintain fairness and ensure financial discipline.
- Withdrawal Policy: Withdrawals are only permitted under agreed conditions and must be approved by the group.
- Dispute Resolution: All disputes will be addressed in meetings, with majority voted deciding the outcomes.
- Respect and Integrity: Members must respect one another and uphold honesty in all chama dealings.
Frequenty Asked Questions
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What is a public chama?
A public chama is open to anyone interested in joining, allowing for a diverse group of members working towards shared goals.
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How does the Year Saving activity work?
Members contribute a fixed amount regularly throughout the year. At the end of the year, funds are distributed or reinvested based on member agreements.
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What is a merry-go-round activity?
It’s a rotational savings system where members contribute regularly, and one member receives the total contributions during their turn.
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What happens if I miss a contribution deadline?
Late contributions will attract a fine. Consistently late payments may result in further penalties or removal from the chama.
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Can I invite friends to join the public chama?
Yes! We welcome new members as long as they agree to the rules and values of the chama.
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Is my money safe in the chama?
Yes, all funds are transparently managed, and our platform provides secure financial tracking and record-keeping.
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How do I leave the chama?
You can leave after fulfilling all financial obligations and with agreement from other members. Your savings or payout will be handled as per the rules.