AREA Investment club

AREA Uganda Investment club was formed in 2016 with an executive committee which controls the authority of the investment club and conducts the day to day business of the investment club committee includes

  • Chairperson- Mwesigwa Micheal
  • Vice Chairperson- Mutungi Brian
  • Treasurer- Namara Esther
  • Secretary- Deo Sekamwa

The Objectives include;
  • To mobilize savings from its members by way of monthly contribution to the investment club fund and to encourage members to raise funds for savings in every possible way.
  • To advance loans to members for productive purposes and to charge interest thereon at such rates and such terms as shall be agreed on  from time to time and as laid out in these bye laws.
  • To carry on, develop and improve any trade business whether manufacturing  or otherwise which may seem to the investment club capable of being conveniently carried on in connection with its objectives herein or calculated directly to enhance the value or render more profitable any of the investment club's property, assets or rights.
  • To invest the club funds in such ways as are financially profitable be it in buildings and other related ventures and for this matter to engage in property and real estate development, habitat, environment and real property development and to deal with other housing and development concerns in Uganda.
  • For the realization of the above objectives the club may do all acts and things permissible under regulations there under these bye laws or any enactment of parliament.
  • Political interference shall be kept out of the investment club but members of all political leanings can be members if they fulfill the required qualifications for membership.
  • To do all such other things as are incidental or conducive to the attainment of the investment club objects or any of them or the performance of its functions.


MEMBERSHIP  TO THE INVESTMENT CLUB

a)  The following qualifications are required to join the investment
  1. Any person who has attained 18 years of age.
  2. Any person who is a member of the Association of real estate Agents of Uganda
  3. Any Investment club that is conducting real estate business and incorporated under the laws of Uganda with noble objectives or an unincorporated body of persons with permission from the members.
b)  All applicants for membership shall;
  1. Make an application for admission giving their names, address and other particulars as specified in the application form.
  2. They shall be seconded and affirmed by atleast two existing  and fully paid up members of investment club. This provision shall not apply to the founder members.
c)  Membership shall cease when a member;
  1. Dies.
  2. Is expelled from the investment club by the Annual General Meeting.
  3. Ceases to be a member of the Association of Real Estate Agents Uganda.
  4. Is declared an Undischarged bankrupt or a criminal under the law. 
  5. When they have been repaid all the amount standing to their credit as members.
  6. Fails to pay the required monthly contributions. Sufficient notice shall be deemed such notice as shall be given by the committee.


For more information about the investment club please contact the Head of programs on 0775872165 / 0703765972 or email programs@areauganda.org