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funding gap emerging markets
Uganda

Kakira Growth Group

  • Opportunity Bank
  • Invest in a Financial Institution
  • + 200 other investors
  • 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.

    €60,800
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€60,800
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 9 May 2020.

      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

      Impact

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

      • With this investment 5 jobs are created
      • With this investment 25 lives are improved

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      We have already contributed to Kakira Growth Group

      Christ Tielemans
      Tammo Bootz
      Thomas Maas
      Rita van den Berg
      Piet van der Kooi
      + and another
      200
      investors