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

Akanabaala Group

  • Opportunity Bank
  • Invest in a Financial Institution
  • + 121 other investors
  • With a loan of EUR 61,700 the 25 members of the Akanabaala Group will be able to expand their farms, shops and market venues.

    €61,700
    Amount
    3.50%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€61,700
    Interest3.50%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 1 November 2019.

      Summary

      Akanabaala Group is found in Buwenda, Jinja District in Eastern Uganda.The group was formed in 2004, it comprises of 25 members who are farmers, retail traders, market vendors and service providers.

      The members  started by getting UGX500,000 as their initial loan and now they get up to a tune of UGX5,000,000. This is an indication of a growing business. Their need for the loan is to improve and expand their businesses.

      Local partner Opportunity Bank will provide the loan.

      Company nameAkanabaala Group
      CEOChristopher Laasa
      Founded2004-06-07
      LocationBuwenda, Jinja District
      SectorWholesale / Retail
      Turnover€148,126
      Employees25

      Impact

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

      • With this investment 10 jobs are created
      • With this investment 50 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.

      We have already contributed to Akanabaala Group

      Albert Stoter
      Jan Okken
      Elly Vos
      Jan de Wit
      Lot Hagenaars
      + and another
      121
      investors