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How to form a Chama

Chama dynamics

What is your new year resolution? Is it to form a Chama and invest together with your friends?

You can decide to do a Chama the kienyeji way or you can decide to be structured and have a long term view of what you want to achieve. ‘

To do Chama the official way, two aspects are involved. One is the legal part where you get registered as a legal entity. This the lawyer can help you or you can copy what another Chama has done. The other is how to manage the complexities of a group. This you have to figure out yourselves. Fortunately, in the course of my postgraduate studies, I have come across a tool that can be helpful to already existing chamas and those that are yet to be formed for fear of the group intricacies.

This tool, called a team charter, will enable you to “shortlist” eligible persons who can form part of your Chama then you can approach them when you are ready.


Group members

  1. Name 1
  2. Name 2
  3. Name 3
  4. Name 4
  5. Name 5 etc

Common goal

Our common goal is to invest together towards………

Core values

  • Respect
  • Team Work
  • Communication
  • Other
  • Other


Potential Obstacles

There are several obstacles that may hinder our progress. However, understanding

these obstacles and being pro active about the solutions will help to avoid potential

conflicts. These potential conflicts may include:

  • Personal commitments eg family, studies
  • Poor communication
  • Unresolved conflicts
  • Other
  • Other


Ground rules

We expect that team members

  • Be on time
  • Contribute to the discussion
  • Do his or her part.
  • Not to come to the meeting drunk or take alcohol during the meeting.
  • Etc



The following rules have been agreed on when dealing with conflicts.

  • Address all conflict with the team or individual head on.
  • If you are struggling with something, speak out immediately.
  • If you cannot complete a task, let the group know.
  • Other
  • Other


Communication plan

Meeting time and location

  • Once every quarter at a certain venue…..
  • Other


Communication avenues

  • Email
  • Whatsapp
  • Cell phones



Name Email Phone Residence


Who we are

Name Strength Values Professional Background Value to the Chama
  Very organised Work life balance   Forex trading
  Motivating others Respect   Real estate
  Open minded Integrity   Agriculture
  Strong accounting background Honesty   Internal audit control
  Strong analytical skills Hard work   Logistics


Now that you have listed down the members you would like to have in your Chama and what contribution they will have, get you vision in order and approach them either together or one after another.

You can then modify this tool to fit into your specific chama.

Kariùki Wawerù

Read more about CHAMA and other investment advice in this book.

Ps: The book, “The ABC of REAL estate Investment in Kenya” will make you a wiser investor.

Order a copy of the book by sending an email to  info@kariukiwaweru.com or buy it on amazon by clicking on this link   http://www.amazon.com/dp/B00KA3CZI2

One thought on “How to form a Chama”

  • Evans Mantae

    Very helpful. Thanks

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