How to invest
To become a full member you need to hold a minimum of 600 shares of £1 each (maximum £100,000). You can spread the cost of your initial shares over 12months at £50 per month.
Ready to invest?
Want to talk to someone?
What you should know as an Enaleni investor
To become a member of Enaleni Community Limited you must invest a minimum of 600 shares of £1 each within a 12month period. (Maximum investment – £100,000).
When you purchase shares you become a member of the society (Enaleni Community Limited). As a member you have the right to attend and vote at general meetings, elect directors, stand for election as a director, and to inspect the share register of the society.
All members have one vote, regardless of how much they have invested.
Your investment is fully at risk. If the business fails, you may lose some or all of the money you have invested.
You can withdraw some or all of your investment, subject to the rules of the society, which state the notice period for withdrawals. You cannot sell or transfer your shares to another person. The directors have the right to refuse your request for withdrawal (in part
or wholly, indefinitely or for a set period of time) if they decide it may harm the financial stability of the society.
Withdrawable share capital is non-transferable, which means that the value of shares is not subject to speculation. Shares remain at their paid-up value, unless the directors decide to write-down the value of shares in order to protect the financial stability of the society.
Each year, the directors will make a recommendation on a proportional distribution of profits. This recommendation will be voted on at the annual general meeting. Profits are paid gross and are taxable. It is your responsibility to declare these earnings to HMRC. Profits will be credited to your share account, and are subject to the same period of withdrawal as all share capital, unless you have already reached the maximum permissible shareholding, in which case you will be paid the excess balance.
This share-offer is exempt from regulation and therefore does not require authorisation by the FCA. If the business fails, you have no right of complaint to the Financial Ombudsman or the Financial Services Compensation Scheme.
Who qualifies as an investor?
Anyone over the age of 16 can be an Enaleni investor. But we think the term ‘investor’ does not adequately describe who we are. To date those who have joined us are people who believe not simply in uplifting themselves and investing for personal benefit, but people who are committed to the ones in whom they invest. We are a people who believe in community, in ubuntu – my wellbeing is closely tied to your wellbeing.
For some of our investors, this is also about unshackling the chains of debt and rebuilding our savings. It is about learning the discipline of saving, and no longer allowing ourselves to live in debt. It is about building a legacy for our children, and praying for guidance on how to invest. This is as much a work of the Spirit, as it is a practical work – this is faith in action.
Believe with us; invest with us.
“Your people will rebuild the ancient ruins and will raise up the age-old foundations; you will be called Repairer of Broken Walls, Restorer of Streets with Dwellings.”
What are community shares?
So, what exactly are community shares and how safe are they as an investment vehicle? While a relatively new investment vehicle, community shares are especially suitable for enterprises whose aim is not simply earning a profit, but also generating a community benefit. There is a lot of information about what they are at the Community Shares website which is run by the Community Shares Unit (supported by the Department for Communities and Local Government), as well as a simplified guide on the Money Advice Service website.