Kwewayo Grace Group
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
4.00%
12 months
6 months
EUR
CurrencyAmount | €44,650 |
Interest | 4.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
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 name | Kwewayo Grace Group |
CEO | Teo Nalubale |
Founded | 1999-09-02 |
Location | Bweyogerere, Kampala |
Sector | Wholesale / Retail |
Turnover | €145,914 |
Employees | 20 |
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