Terms of membership
By contributing to The Rwabe Club you agree to the terms below.
1. Membership
Membership is open to individuals aged 18 and above with a valid Kenyan mobile money account. Each member holds one account, identified by a unique member number.
2. Contributions
Contributions are voluntary and are recorded in cents against your capital wallet once M-Pesa confirms payment. Contributions are not deposits and the club is not a bank or a licensed deposit-taking institution.
3. Capital deployment
Available capital may be drawn into capital pools that fund commerce batches. Your ownership share is recorded at the time of allocation and determines your profit entitlement for that pool.
4. Profit distribution
Gross profit is revenue less cost of goods sold. 40% is distributed to members in proportion to pool ownership and 60% is retained for operations. Distributions are final and immutable once settled.
5. Withdrawals
Profit withdrawals require verified KYC and meeting the minimum withdrawal amount. Requests are reviewed by finance and paid to the member's M-Pesa number. Failed or rejected payouts are reversed to your balance.
6. Suspension and closure
The club may suspend an account for suspected fraud, impersonation or abuse. On closure, deployed capital is returned after the batches it funded are settled.
7. Changes
These terms and club settings such as contribution amount, cycle length and profit split may change. Material changes will be notified in-app.