Daily Monitor
Tuesday February 02 2021
The opportunities that come with a formalised investment club outweigh the challenges that come with operating a business with no legal status. PHOTO | file
Summary
Investment clubs in Uganda are largely informal, without legal personality and only bound together by the trust the respective members have in each other
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No it is common nowadays for individuals to come together and pool resources for business through investment clubs.
These clubs are gaining traction as alternative sources of finances for small and medium enterprises in a country where the uptake of banking services that can unlock access to credit is very low.