Uganda

Kakira Growth Group

With a loan of EUR 60,800 Opportuntiy Bank Uganda will be able to provide working capital to the 20 members of Kakira Growth Group, so they can by more farm inputs.

  • Local partner investment
  • 5 nieuwe banen
  • 25 mensen bereikt

€60,800

Amount

12 months

Maturity

4.00%

Annual interest
100%
Fully funded in 3 days on 9 May 2020.
+ 200 other investors

Summary

Warning

In the coming period there are different conditions for this partner. More information can be found here.

  • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
  • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
  • Repayments occur after 12 months, not after 6 months (grace period).

Information document issuing entity (NL)

Information note issuing entity (BE)

Kakira Growth Group is located in Kakira town, Jinja District in eastern Uganda. The group was formed in 2004. It comprises of 25 members who are service providers, traders, transporters and farmers.This new loan will increase their working capital,enable them to access high quality farm inputs hence high yields and to enable others buy new motor cycles for easy transportation goods.

Company nameKakira Growth Group
CEOBetty Ajambo
Founded2004-01-05
LocationKakira trading center, Jinja
SectorWholesale / Retail
Turnover€145,914
Employees25

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We have already contributed for Kakira Growth Group

Rita van den Berg
Derkjan van Veen
Dirk Rentmeester
Piet van der Kooi
Thomas Maas
+ and another
200
investors