funding gap emerging markets
Uganda

Namirembe Offsprings Ltd

  • FinancialAccess
  • Local partner investment
  • + 133 other investors
  • With EUR 70,800 Namirembe will increase their purchasing power of grain from the local farmers as they will be able to make timely payment for the produce supplied. 

    €70,800
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€70,800
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 hours on 25 April 2019.
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      Summary

      Namirembe Offsprings Limited was incorporated in May 2012. It is owned by Erina Nansubuga and Edgar Ndawula who have a wealth of experience in the grain trade. The Company activities cut across the maize, sorghum, soybeans and beans value chains. They procure the grain directly from farmers and bulk it before selling to both domestic and regional markets. The company works with approximately 1,200 farmers and over 50 village agents who they provide seeds and training to in order to secure their supply of the grain. The company has experienced gradual growth over the years with annual turnover of USD 519,000 in 2018 (an 48% increase from the 2017).

      Other than having to wait for the payment from their clients as is the case with all grain dealers, Namirembe will be able to pay the farmers on time using the loan thus securing a continuous supply of grain from the contented Farmers. In addition, the farmers can also meet their basic needs through the prompt payments received.

      Company nameNamirembe Offsprings Ltd
      CEOErina Nansubuga
      Founded2012-03-23
      LocationKampala
      SectorAgriculture
      Turnover€500,000
      Employees7

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      We have already contributed for Namirembe Offsprings Ltd

      Bas van de Haterd
      Christoph Kollenda
      Rene van Horck
      Marc Sierink
      Daphne Hes
      + and another
      133
      investors