OmutiClub, answered honestly.
The basics: is it free, is it live, is it a SACCO?
OmutiClub is free to download and free to open an account. There is no subscription, and you only ever move your own money. The app is live right now: get it on Google Play, or open it in any browser at app.omuticlub.com with nothing to install.
No, OmutiClub is not a SACCO and not a bank. It is an app for your own savings group, the merry-go-round, the VSLA, the munno mukabi, finally tracked to the last shilling. We are not a bank, broker, dealer, fund manager, or investment adviser. We coordinate and keep the record; your money sits where it should.
How clubs and club loans work
A savings club is people who trust each other pooling contributions on a schedule. You set the amount, the frequency, and the rules; everyone sees the same transparent shared ledger, with clear roles for Admin, Treasurer, Secretary, and Member. Run a 2-person Duo club or a full Standard club. Every contribution, return, and repayment shows up in one place, for everyone.
Club Loans are internal, full stop. A member borrows from their own club's pooled savings, governed by that club's rules and approved by members, with a written repayment schedule on the ledger. This is not consumer, personal, or payday lending; it is your group lending to itself, and every repayment flows back into the pool that everyone shares.
Investing, risk, and keeping your money safe
You can put idle cash to work by investing through licensed East African unit trust managers, regulated by Uganda's Capital Markets Authority under the Collective Investment Scheme Act. Investing carries risk: values can go up and down, and returns are never guaranteed. We say that plainly because it is true. OmutiClub's minimum to start investing is UGX 100,000, and you can invest as a club, together.
Your money is protected by design. Investments are held by the licensed managers, never by OmutiClub. We verify identity through KYC, encrypt your data, keep permanent audit trails, and use multi-member approval so no single person can move club funds alone. Diaspora members in the UK, US, or Gulf can join or run a club with family back home and contribute on schedule from anywhere, seeing exactly where every shilling sits. Learn more on the home page.