Favour Group
With a loan of EUR 72,950 the 20 members of the Favour Group will be enabled to upgrade and expand their businesses hence improving their standard of living.
€72,950
4.00%
12 months
6 months
EUR
CurrencyAmount | €72,950 |
Interest | 4.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
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)
Favour Group is located in Lusanja Area Farm, Wakiso District in central Uganda. The group was formed in 2018. It comprises of 20 members are mostly service providers owning salons and restaurants, others are retail traders and food processors. This loan will enable them upgrade and expand their businesses hence improving their standard of living.
Company name | Favour Group |
CEO | Florence Tibasima |
Founded | 2018-01-02 |
Location | Wakiso District |
Sector | Services |
Turnover | €194,552 |
Employees | 20 |
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 100 lives are improved