Imarika Chama
Are you in a chama or investment club? We have a solution that can step up your current efforts into the top league of investors. Introducing Imarika Chama, a Unit-linked investment plan that’s suitable for both registered and unregistered groups of 2 or more individuals. Your group will have an opportunity to invest together with the opportunity to earn good returns while providing you with life insurance protection cover.
The objective of Imarika Chama is to provide investment groups with an opportunity to organize monthly contributions towards a specific investment goal while benefiting from superior returns. Each member also has a last expense cover of Kes 50,000. Target Market: Imarika Chama is tailor made for formal and informal savings groups (Chamas) such as investment clubs, investment companies, merry-go-round groups, project groups etc.
Imarika Chama
Features & Benefits of Imarika Chama?
Your group contributions will have the opportunity to earn competitive returns ranging from 8% to 12% p.a.
Each member can contribute as little as Kes 1,000. Lumpsum investments are also allowed.
Each member will have a Last expense insurance cover of KSh 50,000
Each Chama member will receive quarterly individual statements indicating how much they have contributed and the progress. This will help each member track their own individual progress within the group.
The Chama/group will also receive a consolidated statement every quarter on contributions and investment growth. This will help the group view all transactions made making it easier to ensure contributions are made on time.
You have the option of increasing or reducing your monthly contributions at any time.
Define your target goal and period
Determine contribution per member
Begin your journey to your next level with Imarika Chama
Imarika Chama
Illustration 1: Chama Goal – Purchase Land worth Kes 2M in 5 years
No of Members – 10
Monthly Contribution per member – Kes 3,500
Illustrative Maturity value 8% to 12%p.a – Kes 2,252,858 to Kes 2,483,221
Illustration 2: Investment group goal- Raise Kes 20M in 5 years to Build a block of flats
No of Members – 15
Monthly Contribution per member – Kes 21,400
Illustrative Maturity value 8% to 12%p.a – Kes 20,597,561 to Kes 22,703,732
Illustration 3: Investment group goal- Raise Kes 100M in 6 years
No of Members – 20
Monthly Contribution per member – Kes 65,000
Illustrative Maturity value 8% to 12%p.a – Kes 102,900,507 to Kes 115,753,561
After sign up:
A policy document will be issued to each member through the email address provided.
Investment statements will be sent every quarter.
Upon maturity, we will pay out the accumulated fund value. We will also cushion our policy holders against adverse market performance by offering them a guaranteed return of 5% on total premium contributed. This guarantee applies only on maturity.
In case of Death before maturity, the last expense cover is paid out to the nominated beneficiaries in addition to the accumulated fund value.
Read about Imarika Investment plan here. https://gallywexa.wordpress.com/2017/06/15/imarika/
Feel free to contact the undersigned for any assistance:
Gallin Wekesa- Financial Advisor
0712-870-447 gallywexa@gmail.com
Great. Can be made better though. A very reliable means of acquiring wealth coupled with added last expense cover.
A very viable investment, Michael.