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UgandaJoseph Alinde
With a loan of EUR 3,350 Joseph will be able to open another branch so he can sell his furniture to the locals.
€3,350
Amount
3.50%
Interest
12 months
Maturity
6 months
Repayments
EUR
Currency| Amount | €3,350 |
| Interest | 3.50% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
Fully funded in 7 hours on 19 February 2018.
The project
Joseph Alinde is a businessman dealing in furnitures, he buys timber and makes chairs, tables and coffins for sale. Joseph has been in this business for the last 10 years.
He employs 7 people who help him in the daily running of the business. Joseph's need for this loan is to increase his working capital so that he may open another branch. This will create job opportunities for the unemployed youth in the area.
Local partner OBUL will provide the loan.
| Company name | Opportunity Bank |
| CEO | Joseph Alinde |
| Founded | 2008-01-01 |
| Location | Mubende |
| Sector | Wholesale / Retail |
| Turnover | €200,892.85 |
| Employees | 7 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 1 jobs are created
- With this investment 4 lives are improved
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Frans WittenbergMarco Mansveld+ and another
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