Uganda

Ecopharm Limited

With a loan of EUR 56,200 Ecopharm will be able to invest in the value chain of medications and increase access to it.

  • Local partner investment
  • 8 nieuwe banen
  • 32 mensen bereikt
FinancialAccessOld
Issuer

€56,200

Amount

12 months

Maturity

6.00%

Annual interest
100%
Fully funded in 1 day on 30 March 2017.
+ 100 other investors

Summary

Note: this type of loan involves risks. Factoring is still in its infancy in Africa and the track record of such products is therefore limited. 

Credit risk is hedged through a combination of pledged invoices, credit guarantees and a 20% deposit, which the client builds up with Financial Access over a period of twelve months.

Ecopharm is a Pharmacist, started by Idd Iwumbwe and his wife Sophia K. Iwumbwe, an Economist and Chartered Accountant (ACCA). The idea of a retail Pharmacy chain was conceived by the two founders with the first outlet opening in 2008.

Today, Ecopharm is a household name in the Retail Pharmaceutical sector and has gradually affirmed its position as one of the preferred destinations for people seeking prescription and non- prescription medications in Kampala and the suburbs. The pharmacy's branch network has increased progressively with the newest branch at the prestigious Acacia Mall at Kisementi- Kamwokya. Other branches are spread out in both the upmarket as well as the low income and common market areas. Turnover is between USD 1 mio and 2 Mio.

The company has opened up a wholesale division to cater for the high cost of medication when purchased locally. This has made Ecopharm a household name amongst both the low- and high income earners.

Company nameEcopharm Limited
CEOIdd Iwumbwe
Founded2008-01-01
LocationKampala
SectorServices
Turnover€0
Employees42

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We have already contributed for Ecopharm Limited

Jan-Dik Boot
Nettie Stougje
Daphne Hes
Menne Glas
Hajé van Egmond
+ and another
100
investors