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UgandaAlpha Development
With a loan of EUR 25,400 the members of the Alpha Development group are able to expand their businesses.
€25,400
Amount
3.50%
Interest
12 months
Maturity
6 months
Repayments
EUR
Currency| Amount | €25,400 |
| Interest | 3.50% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
Fully funded in 9 days on 11 September 2017.
The project
Alpha Development is a microcredit group of 15 members that was formed in 2000. It's comprised of mature responsible men and women who are in retail business, catering business, market vendors. Out of there businesses they have built permanent houses and educated their children.
Their ambition is to move from small retail businesses to bigger businesses like wholesale ones.
Local partner OBUL provides the loan, which has to be repaid in 12 months.
| Company name | Opportunity Bank |
| CEO | Dan Nsubuga |
| Founded | 2000-01-01 |
| Location | Kampala |
| Sector | Wholesale / Retail |
| Turnover | €300,777.70 |
| Employees | 15 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 8 jobs are created
- With this investment 32 lives are improved
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We have already contributed to Alpha Development
Derkjan van VeenJ. HuismanPeter BootAad SmitsRene van den Burg+ and another
64
investors