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funding gap emerging markets
Uganda

Favour Group

  • Opportunity Bank
  • Invest in a Financial Institution
  • + 204 other investors
  • 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
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€72,950
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 8 June 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)

      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 nameFavour Group
      CEOFlorence Tibasima
      Founded2018-01-02
      LocationWakiso District
      SectorServices
      Turnover€194,552
      Employees20

      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

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      We have already contributed to Favour Group

      Jan de Wit
      Aad Smits
      Jan van Munster
      Percy Tienhooven
      Gert Mosterd
      + and another
      204
      investors