Welcome to the investment groups/chama money growth strategies series! You are on the first part of the series. You can navigate through the next part of the series at the bottom of this article.
In developing economies, its common to find people come together for the purpose of pooling their resources together for a common goal.
When people first form an investment group or a Chama, the ambitions are high. In addition, the members’ commitment to the group is also high.
However, keeping the fire burning requires a constant motivation to commitment. This is so since these members have private commitments and ambitions which might drown the commitment to the group. This is why most investment groups eventually die without accomplishing the purpose for which they were formed as the members disintegrate.
The highly needed commitment motivation for chama growth is essentially pegged on the projects that the group is involved in.
There are various types of chamas such as welfare groups, merry go round & investment groups etc. Our focus is on investment groups. These are the chamas formed with investment projects in mind and the most critical for members’ financial growth.
In this series, we explore various projects that an investment group can implement to keep the members’ commitment afloat and achieve the group’s wealth growth goals through alternative real estate investments.
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