First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Uganda

Bwera Farmers Cooperative

  • FinancialAccess
  • Invest in a Financial Institution
  • + 23 other investors
  • With EUR 23,800 Bwera Farmers Cooperative will expand the number of smallholder dairy farmers that it can service.

    €23,800
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€23,800
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 hours on 30 October 2017.

      Summary

      Read the information document of the issuer here

      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 six months.

      Bwera Farmer’s Cooperative Society Limited has been in operations since 2012 and is currently running two milk collection centers located at Ntusi and Bugoobe Trading centers.  A third collection center is currently being set up in Kiruhura District in western Uganda.  The coop is steadily growing and is presently servicing over 200 farmer members who deliver raw milk on a daily basis. 

      The milk is then tested for quality, chilled and supplied in its raw form to the Brookside Dairy Uganda Ltd Kampala plant.

      The farmers are based in districts that are 180 km to the west of Kampala, and are amongst the most fertile in Uganda – with open rolling grasslands, adequate rainfall and a variety of different crops.

      Through the FACTS Supply Chain Finance facility, Bwera can carry out early payment to its farmers as it awaits invoices from Brookside to be settled - which can stretch from 15-30 days after delivery.

      As such this is a high impact transaction – working capital shortage at farmers level is a big obstacle towards increased dairy productivity and yield.

      Company nameBwera Farmers Cooperative
      CEOFred Kuhabwa
      Founded2012-01-01
      LocationNtusi
      SectorAgriculture
      Turnover€217,805.28
      Employees9

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 6 jobs are created
      • With this investment 24 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.