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History
Investment clubs are a group of individuals who pool their money together to make investments. However, the idea in itself isn’t new; since the 1800s, people have found investment clubs to be an ideal way to spread their risks. One of the major reasons why people should join investment clubs is to learn how to save for investment purposes.
Today
In Uganda today, there is a general growth trend in the desire to investment both for short term and long term. Investment Clubs are acting as a channel to enable members pool their money together to increase their buying power, share their collective knowledge, and network. Some investments that members engage in include: - purchase of land with intention to sell at a profit, shares, rental property, businesses etc.
Advantages of Investment Clubs:
o They are the easy and economical entities to form, operate and maintain
o The club's income and losses are passed through to its members
o Investment clubs are also a terrific way to learn, make valuable contacts, and meet people with similar interests.
o Some clubs have made fortunes for their members.
The dfcu Women in Business Investment Club Account
As a bank that focuses on empowering women, dfcu’s WIB program was
launched in 2007 as a means to create a business enabling environment
for women entrepreneurs, with a special focus on Small and Medium
Enterprises.
The dfcu Investment Club Account allows women entrepreneurs (both
existing and potential) to pool their savings and take advantage of
opportunities like the unsecured Club Loan and access to financial
literacy training.
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