Terms & Private Charter

By accessing the B&M Group member portal, making deposits, or participating in any group activities, you agree to follow these rules completely. This document outlines exactly how we operate, how your funds are handled, and what is expected of you.

1. Private & Unregistered Status

B&M Group is a strictly private, invite-only association. We are not a bank, we are not a licensed microfinance institution, and we are not a public investment fund.

We are not registered with or regulated by the Central Bank of Kenya (CBK) or any other public financial regulatory authority. We operate entirely as a private mutual agreement among vetted partners who have chosen to pool their resources together for collective financial growth.

2. The "Invite-Only" Mandate & Confidentiality

B&M Group operates under a strict wall of confidentiality and does not allow open public registration. This is a deliberate, uncompromising security measure designed entirely to protect our members' capital.

Preventing Premeditated Fraud: In an open registration system, an unknown individual could easily create an account, save small amounts consistently to build a false profile of trust, and unlock our 2x loan target. They could then take a massive loan and disappear. This kind of calculated "hit-and-run" fraud would bankrupt the association and ruin the financial progress of our honest members.

The Reality of Debt Recovery: Tracking down and pursuing a defaulted borrower who lives miles away especially without holding advanced physical assets or collateral is an exhausting and prohibitively expensive legal nightmare. We are a wealth-creation group, not a debt-collection agency. We refuse to become an association plagued by police cases, financial stress, and internal conflict.

By keeping the group highly confidential and restricting membership strictly to trusted individuals who are physically known and personally vouched for by an existing member, we eliminate these risks before they ever enter our system.

3. Clean Funds & Anti-Money Laundering (AML)

We have a zero-tolerance policy for dirty money. B&M Group does not associate with, facilitate, or hide funds generated from illegal activities, fraud, corruption, or money laundering schemes.

• All money deposited into the B&M Group system must come from clean, legal, and verifiable sources.
• If the administrators suspect that any member is using the group to clean illegal money, that member's account will be immediately frozen.
• We reserve the right to expel any member involved in financial crimes and cooperate fully with local authorities if necessary.

4. Financial Discipline & Penalties

Our system is built on facts and math, not emotions. To protect the group's money, strict discipline is enforced automatically by the portal.

• Monthly Savings: All agreed-upon savings must be deposited and recorded in the portal by the given deadlines.
• No Excuses: The system will automatically apply late fees (e.g., KSH 10 extra per day late) if you miss your target. The system does not accept excuses for late payments.

5. Borrowing, Credit, & Defaulting

Access to group funds is a privilege earned through consistent saving and a high system trust score.

• Borrowing Limits: You may borrow up to two times (2x) your total savings, provided the group has enough available liquidity.
• Fixed Interest: All loans carry a flat 15% system fee.
• Default Consequences: If you fail to repay your loan, late penalties of KSH 5 per day will accumulate. If you default entirely, your accumulated savings will be seized to clear the debt. If your debt exceeds your savings, your guarantors will be forced to pay the remaining balance.

6. Privacy & Security

The online portal contains highly confidential financial data. You must keep your login details secure.

You are not allowed to screenshot, share, or expose internal group ledgers, member balances, or loan data to anyone outside the group. Any breach of privacy will result in immediate expulsion.

7. Leaving the Group

You are free to leave the group at any time by submitting a formal exit request through the portal.

However, you cannot exit if you have an active loan. All your debts must be fully cleared first. Once cleared, your total savings (plus any earned dividends) will be returned to you according to the group's cash-flow schedule.