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funding gap emerging markets
Uganda

Tuliwalala Group

  • Opportunity Bank
  • Invest in microfinance
  • + 63 other investors
  • With a loan of EUR 17,500 the 20 members of the Tuliwalala Group will be enabled to upgrade and expand their businesses hence improving their standard of living.

    €17,500
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,500
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 19 hours on 24 July 2020.

      The project

      Warning

      In the coming period there are different conditions for this partner. 

      • 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)

      Tuliwalala Group is located in Jinja town in eastern Uganda. The group was formed in 2018. It comprises of 20 members who are mostly traders, service providers, tailors and market vendors.They are dedicated and hardworking group who pay their loan in time.Their need for the loan is to expand and upgrade their businesses to fit the modern era.

      Company nameOpportunity Bank
      CEOPeace Nakazibwe
      Founded2015-07-09
      LocationJinja
      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 3 jobs are created
      • With this investment 15 lives are improved

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      We have already contributed to Tuliwalala Group

      Marc Sierink
      Albert Stoter
      Peter Boot
      Jan van Munster
      Jan de Wit
      + and another
      63
      investors