All operational matters are well addressed in the by-laws. It captures all aspects from

administration, periodic remittances, fines to members that default and distribution of roles

among other things. For day to day operations, we encourage clubs to appoint administrators

including Chairperson, Secretary and Treasurer, among others.

Yes, it can be opened as a company where members buy shares.

Yes, they must. It’s what defines them as members of the club and its legally binding.

Governance of an investment club is key to its long term survival. We encourage investment

Clubs to formulate a set of rules and regulations (called “by- laws”) which are mutually agreed

by all members. dfcu Bank has developed a generic set of by-laws that cover most of the

areas of interest for any investment club. It is available at all dfcu branches at no cost.

However, members are encouraged to amend it to suit the clubs’ specific needs, preferably

with the advice of a lawyer.

You don’t have to look far from your social circles; workmates, peers, friends and family

members, are often some of the best circles to consider when starting an investment club.

This ensures that the ties that bind the partners are deeper than just business.

The minimum balance is UGX. 50,000.

A dfcu investment club can be started by a minimum of four people, with the same business

Goals/aspirations. That is very important in maintaining the focus as the group forges ahead.

This is a program that was started by dfcu Bank that brings together a group of people with common business interests and ambitions. The aim is to pool funds together to the completion of the common goal in a far shorter time period than would be the case if each member acted individually.