Elle Lanches Elle Capital Fund

ELLE CAPITAL FUND (ECF)

“An opportunity to invest”

Over the years, a number of people have approached us asking how they can partner with Elle Limited and earn an income or more still, ‘invest’ as most like to put it.

This has led to the development of a performance fund under the Elle Capital brand; Elle Limited invests in a broad mix of both risky and risk-free assets and businesses, notably, Elle Credit and Real Estate.

The fund is based on the SACCO model and yet bears characteristics of a bond/treasury bond. Shares are bought and sold, except that whereas SACCOs are to facilitate loans to members, the fund does not give loans to members, a onetime membership fee of Ugx 50,000/= is paid at the beginning from whence one can buy and sell shares at will. The sale of shares however requires a notice of two weeks and the investor forfeits the interest accumulated on the shares within the six months window.

The shares attract a dividend/return of 30% per annum (250/=per month) paid every six months (i.e. 15% << 1,500/=>> every six months). This is quite unique to the share stocks at the exchange which attract uncertain dividends at the end of the year and fractuate in value this is good for planning since the amount is known and the time of payments is known.

Each share is priced at Ugx 10,000/= for easy divisibility and ownership. Anyone can own a share.

Requirements:

Fill an application form; attach a passport photo and copy of ID (passport, Driver’s license, Voter’s Card, National ID and University/School ID)

Pay membership fee into the bank and money worth the shares you want to purchase and you will be issued a redeemable share certificate at the Elle Limited office.

Investors must be 18yrs of age and above.

Computation of interest on shares:

If one buys a share in September, the interest accrued will be only for Oct, Nov and Dec (within the six months window) which is Ugx 250*3=750/= per each share of 10,000/=

You can use your interest to purchase more shares.

Emmanuel Superior Tugumetushabe

CEO.