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funding gap emerging markets
Uganda

Praise Group

  • Opportunity Bank
  • Invest in microfinance
  • + 58 other investors

    • With a loan of EUR 23,850 the 11 members of the Praise Group will be able to expand and improve their trading businesses.

    €23,850
    Amount
    3.50%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€23,850
    Interest3.50%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 30 September 2019.

      The project

      Praise Group is found in Kakoba Central , Mbarara district located in western region of Uganda. The group was formed in 2004, it comprieses of 11 members who are retail traders.

      Their need for the loan is to increase working capital  in their businesses and enable them upgrade to wholesale trade.

      Local partner OBUL will provide the loan.

      Company nameOpportunity Bank
      CEOMary Kanyesigye
      Founded2004-06-07
      LocationMbarara
      SectorWholesale / Retail
      Turnover€143,160
      Employees11

      Impact

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

      • With this investment 4 jobs are created
      • With this investment 20 lives are improved

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      We have already contributed to Praise Group

      Frans Eijsermans
      rits dijkstra
      Dirk Rentmeester
      Jan de Wit
      Judith Janssen
      + and another
      58
      investors