Terms of Service

TERMS OF SERVICE – CHALSAVE INVESTMENT GROUP (CIG)

Building Wealth Together, Securing Futures Today


Introduction

These Terms of Service describe the rules, rights, and responsibilities for members of Chalsave Investment Group (CIG), a private, member-driven investment group focused on disciplined saving and collective wealth creation. By joining CIG, contributing funds, or using the Chalsave Portal, you agree to these Terms.

Membership & Eligibility

  • Cohort Size: 20–30 members per cohort, 18 years and older.
  • Alumni Requirement: Membership is open to alumni only.
  • Voluntary Participation: Joining CIG, contributing funds, or using the Chalsave Portal constitutes acceptance of these Terms.

Contributions & Payments

  • One-time Contribution: UGX 10,000 per member upon joining.
  • Monthly Contribution: UGX 100,000 per member, due by the 5th of each month.
  • Confirmation: Members must send MoMo screenshot to the group and update details in the Chalsave Portal. Admin reconciles and approves entry.

Funds Safety & Transparency

  • Custody: All member funds go directly to the CIG account. Funds are NOT held by individuals.
  • Stake Tracking: Each member’s monthly contributions form their capital stake, tracked transparently in the Chalsave Portal.
  • Reporting: Official CIG account statements are shared monthly via email and in the group. All transactions and account status are kept updated in the member portal.

Returns & Distribution

  • Investment Strategy: Funds are pooled for better returns through Unit Trusts, Treasury Bills, or other vetted investment projects.
  • Return Target: Whereas CIG has a Basic investment target per annum based on Unit Trust Fund + other vetted investments. Returns are not guaranteed.
  • Distribution: Investment profits are shared proportionally at year-end / cycle-end based on each member’s stake.

Meetings & Governance

  • Mandatory Meetings: The first group meeting is held after the 5th of the next month, face-to-face. All planned group meetings are mandatory unless excused.
  • One Member, One Vote: Major decisions about group operations and investments are made collectively in group meetings.

Risks & Disclaimers

  • No Regulatory Oversight: CIG is not registered with the Bank of Uganda or any cooperative authority. Membership is voluntary and at your own risk.
  • Investment Risk: All investments carry risk of loss. The ROI p.a. target is an objective, not a guarantee.
  • Withdrawal Restrictions: Withdrawals are subject to cycle rules and group capital protection policies.

Changes to these Terms

CIG may update these Terms periodically. Members will be notified of any changes by posting the revised Terms in the group and on the Chalsave Portal. Continued participation after changes means you accept the updated Terms.

Together, we save. Together, we invest. Together, we rise.