Membership

  • Membership in the investment club shall be open to such people as have these qualifications: –
    • Any person who has attained 18 years of age.
    • Any member must be a Monitoring and Evaluation practitioner.
  • All applicants for membership shall;
    • Make an application for admission giving their names, address and other particulars as specified in the application form upon payment of 50,000/= nonrefundable membership fee.
    • They shall be seconded and affirmed by at least two existing and fully paid up members of the investment club. This provision shall not apply to the founder members.
  • Membership shall cease when a member;
    • Dies.
    • When they have been repaid all the amount standing to their credit as members with 1 months’ notice otherwise a reduction of 2% of their total savings (processing fees) will be made on the total principle invested.
    • Is declared an undischarged bankrupt or a criminal under the Law.
    • Is expelled from the investment club by the Annual General Meeting.
    • Fails to pay the required monthly contributions for 3 concesucutive months. Sufficient notice shall be deemed such notice as shall be given by the committee.