Seconded. They don't work. For eating mbuzi boooze and mchango.

I think this type was left to the village women folk? Where you contribute monthly for a member..if you are member no. 50, ole wako; by the time wakufikie only 5 members would be left.

Let me give our case and you can decide if it is successful

Started as 10 pax in year 2000.Today we are 4 with 2 members falling out due to financial constraints,2 falling out coz they got married and hubby said no to chamas and 2 are on their way out coz they seem not to cope with other members.

The remaining 4 are recruiting new members to take it back to original membership.

First 5 years was contributions and buying members households,birthday gifts and being part of each others social activities(weddings/funerals/births).

With the savings of the 5 years we bought 5 acres at Isinya at 800k and we each got half an acre.Departing members have sold their pieces at 2.4M

We then bought land in Nakuru and sold after 3 years.No much gain.

We then bought an apartment at Pangani and took a loan on it.We have just finished paying the loan.

We are currently looking for a ready made house in Kasarani or Embakassi with 20 units which will gurantee each member 2 units if we are 10 or 5 units if we remain 4.Our bank is willing to give us upto 40M for the property.

We raise 10k monthly.

You are women ............. ooops sorry!!!

Getate/susu/merry-go-round /chama all are just social welfare committees where petty politics and gossips are talked of. The only unifying factor is money contribution ,if that's not honored then a thin line between love and hate is defined clearly .I find them more feasible for small scale business who banking can be a challenge . That's just me