Uganda
Bakulugi Development Group
With a loan of EUR 22,450 the women from Bakulugi Development Group can expand their businesses and increase their income.
€22,450
Amount
3.50%
Interest
12 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €22,450 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 1 day on 1 February 2018.
The project
Read the information document of the issuer here
Bakulugi Development is a solidarity group that was formed in 2013 and consists of 20 members, mostly women. The group members are into small scaled businesses such as catering, retail shops, saloons, mobile money, tailoring etc to support their families.
With this loan, these entrepreneurs can improve and expand their businesses from small scale businesses to enterprises.
This loan is provided by local partner OBUL with a maturity of 12 months
Company name | Opportunity Bank |
CEO | Lydia Nabakooza |
Founded | 2013-01-01 |
Location | Masanufu Kampala |
Sector | Services |
Turnover | €179,533.21 |
Employees | 20 |
Impact
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- With this investment 4 jobs are created
- With this investment 60 lives are improved
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We have already contributed to Bakulugi Development Group
Casper Roos
Menne Glas
Ton Schroer
Edwin Tofield
Marc Sierink
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investors