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funding gap emerging markets
Uganda

Kwewayo Grace Group

  • Opportunity Bank
  • Invest in a Financial Institution
  • + 131 other investors
  • With a loan of EUR 44,650 the 20 members of the Kwewayo Group will be enabled to upgrade and expand their businesses hence improving their standard of living.

    €44,650
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€44,650
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 19 June 2020.

      Summary

      ENG

      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)

      Kwewayo Grace is found in  Kasanga a suburb of Kampala city located in central Uganda. The group was formed in 1999. It comprises of 20 members who are mostly retail traders, service providers and transporters. The members are matured hard working people who are in need of upgrading and expansion of their business. 

      Company nameKwewayo Grace Group
      CEOTeo Nalubale
      Founded1999-09-02
      LocationBweyogerere, Kampala
      SectorWholesale / Retail
      Turnover€145,914
      Employees20

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 20 lives are improved

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      We have already contributed to Kwewayo Grace Group

      Willem Huiting
      Manfred Jansen
      Aad Smits
      Albert Stoter
      Jan van Munster
      + and another
      131
      investors